Core Insights - On Holding (ONON) stock increased by 18% following strong Q3 results and an optimistic full-year outlook, with CEO Martin Hoffmann highlighting robust sales momentum heading into the holiday season [1] - For fiscal year 2025, On expects net sales to rise at least 34% year-over-year, an increase from the previous forecast of at least 31%, with a long-term goal of exceeding $4.44 billion in net sales by 2026 [1][2] - Q3 earnings per share were reported at 0.43 Swiss francs ($0.54), surpassing expectations, while revenue reached CHF 794.4 million ($993 million), also above forecasts [2] Revenue Growth - Revenue growth in Q3 was primarily driven by the Asia-Pacific region, where sales more than doubled when adjusted for currency fluctuations, indicating a strong demand from a younger consumer base seeking premium products [3] - In the Americas, sales increased by 21% during the quarter, with the US consumer showing interest in new categories such as tennis and training sneakers [4] Market Context - Prior to the report, On Holding's stock had declined approximately 35%, reflecting broader challenges in the footwear sector, with competitors like Nike and Deckers Outdoor also experiencing significant stock declines [4] - Analyst Paul Lejuez noted that concerns regarding Nike's potential resurgence could impact On's long-term growth trajectory, suggesting that Nike's turnaround may take 12-18 months [5]