On Holding Q4 Net Sales Jump, Gives 2026 Guidance

Core Insights - On Holding AG reported a 22.6% increase in net sales to CHF 743.8 million in the fourth quarter compared to the previous year [1] - Direct-to-consumer (DTC) net sales rose by 21.7% to CHF 360.6 million, while wholesale net sales increased by 23.4% to CHF 383.2 million [1] - Adjusted EBITDA grew by 31.8% to CHF 131 million year-over-year, although basic EPS decreased from CHF 0.28 to CHF 0.21, and adjusted basic EPS fell from CHF 0.33 to CHF 0.25 [1] Future Outlook - The company anticipates net sales growth of at least 23% on a constant currency basis for 2026, with a gross profit margin of at least 63.0% and an adjusted EBITDA margin between 18.5% and 19% [2] - CEO and CFO Martin Hoffmann emphasized the company's disciplined execution of strategic priorities, which has led to record financial results [2]