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On Holding management commentary: U.S. tariff refunds drive Q3 2026 gross margin expansion

By Public Technologies
  • On Holding management commentary reported third-quarter 2026 net income rose 36.9% to CHF 162.8 million, supported by higher gross margins.
  • Gross margin reached 72.6%, primarily driven by CHF 52.6 million in US tariff refunds; operational efficiencies also contributed.
  • Net sales increased 17.2% to CHF 931.4 million, with management citing retail expansion, rising brand awareness and growth across regions.
  • Direct-to-consumer sales rose 25%, primarily driven by store expansion; Asia-Pacific sales grew 31.1%, led by China and Japan.
  • Management attributed more moderate wholesale growth to selective shipments to partners, particularly in the Americas, amid a highly promotional market.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. On Holding AG published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001858985-26-000025), on November 10, 2026, and is solely responsible for the information contained therein.

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