Sportswear brand On sees possible boost from lower US tariff rate

By Helen Reid March 3 (Reuters) - On Holding sees lower U.S. tariff rates after the Supreme Court struck down the government's emergency levies as a possible boost for the fast-growing Swiss sportswear brand, CEO Martin Hoffmann said on Tuesday as it delivered strong quarterly results. On shares, however, were down 11% in premarket trading amid broader market declines. The company sees annual profit margin increasing to at least 63% from 62.8% in 2025, with the outlook not yet factoring in a lower U.S. tari ...