On AG(US:ONON) Benzinga·2025-11-13 03:58Core Insights - On Holding AG's shares experienced a significant increase of 17.99% on Wednesday, closing at $41.51, although they slightly declined by 0.26% in after-hours trading to $41.40 [1] Financial Performance - The company reported third-quarter net sales of CHF 794.4 million ($994.6 million), marking a year-over-year increase of 24.9% and a 34.5% rise on a constant-currency basis [2] - Direct-to-consumer sales rose by 27.6% to CHF 314.7 million ($394.01 million), while wholesale sales increased by 23.3% to CHF 479.6 million ($600.48 million) [2] - Gross profit margin expanded to 65.7% from 60.6% year-over-year, and net income surged by 289.8% to CHF 118.9 million ($148.87 million), with net income margin climbing to 15% from 4.8% [3] - Adjusted EBITDA increased by 49.8% to CHF 179.9 million ($225.25 million) [3] Future Outlook - On Holding raised its full-year 2025 guidance, now expecting net sales growth of 34% on a constant currency basis, up from at least 31% previously [4] - Gross profit margin guidance increased to around 62.5% from 60.5%-61.0%, and adjusted EBITDA margin is expected to exceed 18% compared to the previous estimate of 17%-17.5% [4] Management Commentary - CEO Martin Hoffmann expressed that the results provide "strong confidence" for both the holiday season and long-term growth as the company aims to build "the world's most premium global sportswear brand" [5] Stock Performance - The stock has dropped 25.03% year to date, with a 52-week range of $34.38 to $64.05 and a market capitalization of $13.55 billion [5] - Benzinga's Edge Stock Rankings indicate that ONON has a Growth score of 85.23 [5]