Sneaker Boom Fuels 27% Growth Forecast at Federer-Backed On
Swiss sneaker maker On Holding AG predicted sales will grow at least 27% this year in constant currency terms, as demand persists for the high-priced running shoes that have made it one of the hottest sportswear brands.
Roger Federer-backed On sees 2025 revenue of at least 2.94 billion Swiss francs ($3.3 billion) at current exchange rates, just shy of analyst estimates. Its gross profit margin will probably stay at about 60.5%, in part due to the impact of a stronger dollar, On said Tuesday.
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