Swiss sneaker ON company shares 20% on the rise
Swiss sportswear business reported three more months of double-digit growth on Wednesday, defying a downturn in the shoe industry and raising its full-year guidance for the third consecutive quarter.
The company, which is well-known for its creative approach to running shoes, has raised its stated 2025 sales forecast from 2.91 billion francs to 2.98 billion Swiss francs ($3.72 billion). The company has increased its prediction from 31% to 34% on a constant currency basis.
According to LSEG, the estimate is marginally higher than the 2.97 billion francs that analysts had anticipated.
Shares of On jumped more than 20% in morning trading Wednesday in New York.
During its 2025 third quarter, the sportswear company beat Wall Street’s expectations on the top and bottom lines.
Here’s how On performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:
- Earnings per share: 43 cents in francs adjusted vs. 25 cents expected
- Revenue: 794 million francs vs. 763 million francs expected
The company’s reported net income for the three-month period that ended Sept. 30 was 118.9 million francs, or 36 cents per share, compared with 30.5 million francs, or 9 cents per share, a year earlier.
Also read: Carlos Hank According to Banorte 7% growth in the loan portfolio
