On Holding AG reported a significant increase in net sales in the EMEA region, reaching CHF 213.3 million in Q3 2025, a year-over-year rise of 28.6% on a reported basis and 33% on a constant-currency basis. This growth is largely attributed to enhancements in brand presence in the United Kingdom and France, highlighting the UK’s status as one of the company’s largest global markets.
During the quarter, On Holding opened a new store in Zurich, enhancing its European footprint alongside strong performances at existing locations such as Champs-Élysées in Paris. The company’s strategic focus on premium retail has yielded a Zacks Consensus Estimate indicating a projected 41.2% year-over-year sales growth, although earnings per share are expected to decline by 13.6%.
In the past month, On Holding’s shares rose by 7.7%, which remains below the industry average increase of 8.7%. The company trades at a forward price-to-earnings ratio of 27.22, exceeding the industry average of 18.06, indicating strong market positioning amidst competitive pressures.
