Group 1 - On Holding AG (NYSE:ONON) is currently considered one of the best foreign stocks to buy, with Bernstein SocGen Group reaffirming its Outperform rating and maintaining a price target of $70, despite a 15% drop in stock price in 2025 [1][3] - Bernstein describes On Holding as the most compelling long-term compounder in the global sportswear market, indicating strong potential for double-digit sales and profit growth due to a solid expansion plan [3] - Stifel analyst Jim Duffy also reiterated a Buy rating on On Holding, maintaining a price target of $60, influenced by the announcement of a new Chief Financial Officer [4] Group 2 - The new CFO, Frank Sluis, will begin his role on May 1, 2026, following a search that started in April 2025 to separate the combined CEO/CFO position previously held by Martin Hoffmann [5] - Sluis has a background in managing scaled global consumer businesses, particularly at Ahold Delhaize, which aligns with On Holding's market opportunities [5] - On Holding AG is a Swiss company known for designing and manufacturing premium athletic footwear, apparel, and accessories, particularly recognized for its patented CloudTec cushioning technology [6]

Core Insights - On Holding AG is a leading Swiss sportswear company known for its innovative athletic footwear and apparel, particularly recognized for its CloudTec cushioning technology [1] - The company reported record-breaking financial results for Q3 2025, achieving net sales of CHF 794.4 million, a 24.9% year-over-year increase [3][5] Financial Performance - The apparel segment experienced remarkable sales growth of 86.9%, driven by strong demand across both direct-to-consumer and wholesale channels [4] - Gross profit margin improved to 65.7%, up 510 basis points from the previous year, while adjusted EBITDA margin rose to 22.6%, resulting in an absolute adjusted EBITDA of CHF 179.9 million, a 49.8% increase year-over-year [5] - Net income surged to CHF 118.9 million, reflecting a nearly 290% increase, underscoring the company's strong performance [5] Regional Performance - Direct-to-consumer channel growth was exceptional at 27.6%, with regional sales growth broad-based: Americas up 10.3%, EMEA increasing 28.6%, and Asia Pacific soaring 94.2% year-over-year [6] - The Asia-Pacific region contributed significantly with triple-digit sales growth, reinforcing On's expanding global footprint [4] Market Sentiment - Despite a recent 19% increase in stock price following quarterly results, On Holdings has struggled throughout the year, with a 7.4% decline over the past three months and a 30% decline over the past six months [2]