On Holding sets 2029 financial targets, authorizes $1B share buyback

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On Enters Next Chapter: Unveils Strategy to Redefine What a Sportswear Brand Can Be Alongside 2029 Financial Targets

September 22, 2026 12:00 AM EDT

At its Investor Day, On today introduces its strategy to redefine what a sportswear brand can be, aimed at the Movement Class, a generation for whom sportswear is an identity. Built on its Premium Playbook, On plans for strong growth across all verticals through 2029. Its immediate key growth pillars, Run, Sneaker, and Apparel, are expected to drive outsized contribution, further supported by the entry into new sports categories, Football and Golf. As a result, On introduces the ambition to achieve a high-teens constant currency net sales CAGR through 2029, sustain an industry-leading gross profit... More