On Holding AG authorized a share repurchase program of up to US$1,000.00 million through the end of 2029, appointed Electronic Arts executive Laura Miele as Lead Independent Director, and reiterated its 2026 earnings guidance. The buyback, the board appointment and the guidance reiteration come alongside a long-term football partnership with Kylian Mbappé, which the company is using to push beyond its premium running niche into broader sportswear. On Holding's narrative projects CHF5.4 billion in revenue and CHF681.9 million in earnings by 2029, requiring 19.1% yearly revenue growth and a CHF285.7 million earnings increase from CHF396.2 million today. More cautious analysts expect revenue of about CHF4.9 billion and earnings near CHF526.5 million by 2029, assuming slower growth and some margin pressure even as On leans into innovations like LightSpray and football expansion. The company's forecasts yield a $42.55 fair value, a 42% upside to its current price.
On Holding LtdOn Holding authorized a US$1,000 million share buyback through 2029 and reiterated its 2026 earnings guidance.
