On Holding shares slide after revenue miss, guidance cut
-20.29% to $30.91 from $38.78
What moved ONON
- On Holding reported second-quarter revenue of CHF 850.3 million (about $1.05 billion), below Wall Street’s estimate of CHF 878.4 million.
- The company lowered its full-year 2026 net sales growth outlook to the low-20% range from a prior forecast of at least 23%.
- Management pointed to weaker sell-through of everyday running products amid a highly promotional U.S. market.
- Growth was led by On’s direct-to-consumer channel, which grew 34.3% on a constant-currency basis, exceeding expectations in every region.
Sources: Yahoo Finance