On Holding clears CHF 800M quarter as APAC triples Korea, apparel breaks out
Record CHF 800M in net sales with 64.2% gross margin and CHF 103.3M net income. APAC up 61.4% cc on a tripling South Korea, apparel +57.5% to crack 10% of DTC. Co-founders Allemann and Coppetti retake co-CEO seats; FY guide lifts to ≥23% cc growth and ≥CHF 3.51B despite 20% Vietnam tariff drag.
On Holding hit a record CHF 800M quarter with 64.2% gross margin and near-doubled net income; APAC surged 61% led by tripling South Korea, apparel crossed 10% of DTC, and co-founders Allemann and Coppetti took co-CEO roles.
Why this matters
On Holding extends its premium athletic momentum with category broadening (apparel) and regional diversification (Korea, APAC), while reinstating founder leadership amid tariff headwinds.
Retail-company signals steady at 231 in last 90d, consistent activity baseline.