Swiss Brand On Plans $1 Billion Buyback Through 2029, Sets Long-Term Targets
The Swiss sportswear company also set margin goals and said its first buyback will run through 2029.
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On Holding Surges 13% as Investor Day Sets Ambitious Sales Target and $1B Buyback; Nike Ticks Up 2%
On Holding just did something it has never done before, and the stock is repricing fast. Whether today's surge marks a turning point or a trap depends on what management actually promised investors in Zurich.
On approved its first stock buyback program this Tuesday, worth up to $1 billion, with effect until the end of 2029, and revealed its long-term financial goals, betting on the expansion of the categories of clothing, sports tennis and new high performance modes. Supported by former Swiss tennis player Roger Federer, the shoe manufacturer has been expanding its global reach. Last week, the company signed a sponsorship contract with the French foo…
On Holding AG Targets Seven Billion Revenue by 2029 with Golf Expansion and Share Buyback - Ministry of Sport
Swiss sportswear organisation On Holding AG has unveiled an mid-term financial strategy targeting at least CHF5.6 billion (AUD9.5 billion) in net sales by 2029, approaching AUD7 billion, during its recent Investor Day event.
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