Core Insights - ON Holding AG (ONON) has demonstrated strong growth in the EMEA region, particularly driven by the United Kingdom and France, with net sales reaching CHF 213.3 million in Q3 2025, marking a 28.6% year-over-year increase on a reported basis and 33% on a constant-currency basis [1][7] Group 1: Market Performance - The United Kingdom has become one of ON Holding's largest markets, with significant strength in the direct-to-consumer channel contributing to EMEA's growth acceleration [2] - France, along with Germany and Italy, has shown increased brand awareness and consumer interest, aiding in capturing a larger share of the premium sportswear market [2] Group 2: Retail Strategy - The company's strategy of establishing physical brand hubs has enhanced its presence in Europe, with a new store opening in Zurich and strong performance from the Champs-Élysées location in Paris [3] Group 3: Financial Metrics - ON Holding's shares have increased by 7.7% over the past month, while the industry average rose by 8.7%, with competitors Deckers and Wolverine seeing gains of 15.8% and 8.9%, respectively [4] - The forward price-to-earnings (P/E) ratio for ON Holding is 27.22, which is higher than the industry average of 18.06, indicating a premium valuation compared to Deckers and Wolverine [5] Group 4: Sales and Earnings Estimates - The Zacks Consensus Estimate for ON Holding's current financial-year sales suggests a year-over-year growth of 41.2%, while earnings per share are expected to decline by 13.6% [8] - Current quarter sales estimates are projected at CHF 894.52 million, with a year-over-year growth estimate of 29.41% [9]