Swiss sportswear brand On Holding strengthened its growth strategy through product innovation, premium positioning and expansion across footwear, apparel and sports, as it sought to sustain demand in a competitive sportswear market.
The company’s performance reflected its efforts to build on its running heritage while attracting new consumers through lifestyle sneakers and women’s apparel. Its focus on full-price selling and direct-to-consumer (DTC) channels also supported profitability even as On continued to invest in innovation and retail expansion.
On Holding reported third-quarter net sales increased by **.* per cent to CHF ***.* million. Earnings per share increased to CHF *.** from CHF *.** in the year-ago quarter, beating Seeking Alpha’s consensus estimate by CHF *.**.
