On Holding AG experienced a sharp selloff after revising its fiscal year 2026 revenue growth guidance down to the low 20s percent range. Despite this, the company expects to maintain strong gross margins of at least 65% and adjusted EBITDA margins between 19.5% and 20%, supported by growth in its direct-to-consumer channel offsetting weakness in wholesale. The stock now trades at an attractive valuation of 8.3 times FY27 EV/EBITDA, presenting a buying opportunity compared to peers due to its brand momentum and market share gains. The downgrade from Strong Buy to Buy reflects uncertainty in the wholesale channel but retains a positive outlook on the company's growth potential.
On Holding AG's stock fell 20.29% after the company missed Q2 revenue estimates and lowered its 2026 revenue growth forecast to the low 20% range from at least 23%. The wholesale channel grew only 4.8%, partly due to intentional limits to protect bra...
The Nasdaq is leading Monday's pre-market gains following a weaker-than-expected July payroll report that lowered the odds of a September Federal Reserve rate hike to 44%. However, crude oil prices rising above $79 due to stalled Hormuz negotiations ...
