On Holding rises after announcing $1 billion share buyback plan
22/09/2026 10:03
BUZZ-On Holding rises after announcing $1 billion share buyback plan ** US-listed shares of sportswear brand On Holding 49G.BN, ONON.N up 5.4% at $28.80 premarket
** Co authorises a share repurchase programme of up to $1 billion through the end of 2029
** Ahead of investor day, co also reiterates 2026 forecast for low-20% constant-currency sales growth, a gross margin of at least 65%, and an adjusted EBITDA margin of between 19.5% and 20%
** Also sees 53 million Swiss francs (~$ 65 million) in tariff refunds in the current quarter, and a net sales growth rate of around 17% in constant currency, vs analysts' expectations of a 16.5% rise -- data compiled by LSEG
** Up to last close, stock has fallen ~41% YTD
($1 = 0.8209 Swiss francs)
(Reporting by Neil J Kanatt in Bengaluru)
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