{
  "id": 9095339,
  "title": "On Holding approves up to $1 billion share buyback through 2029",
  "url": "https://urgent.news/2026/09/22/on-holding-approves-up-to-1-billion-share-buyback-through-2029",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-22T05:59:36.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/on-holding-approves-up-to-1-billion-share-buyback-through-2029-4909891"
  },
  "original_language": "en",
  "account": "On Holding's board has approved the repurchase of up to $1 billion worth of Class A ordinary shares over the next several years, as the Swiss sportswear company outlines its long-term growth objectives during an investor day presentation. The share buyback is part of the company's broader capital allocation strategy, with the firm highlighting its strong balance sheet and cash-generating business as justification for returning capital to shareholders.\n\nThis authorization was initially granted in September 2026 and is set to remain in effect until December 31, 2029. The announcement of the share repurchase comes alongside On's ambitious financial targets for 2029. The company aims to achieve high-teens constant-currency growth in net sales, with revenue projected to reach at least CHF5.6 billion by the end of the year. Additionally, On intends to maintain a gross profit margin of at least 65% and achieve an adjusted EBITDA margin of no less than 22% by 2029. These targets are expected to drive annualized adjusted EBITDA growth of over 20% from 2026 to 2029.\n\nTo reiterate its commitment to shareholder value, On has also reaffirmed its 2026 financial outlook. The company anticipates modest constant-currency net sales growth of around 20% for the year, alongside a gross margin of at least 65% and an adjusted EBITDA margin of 19.5%-20.0%. The company's growth expectations for the third quarter include a constant-currency sales increase of approximately 17%, and potential gross profit enhancements of up to $65 million due to tariff refunds.\n\nIn other news, On Holding has appointed Laura Miele as its new lead independent director, effective September 21. Miele has been serving on the company's board and audit committee since 2024, and currently serves as president of enterprise development at Electronic Arts.",
  "summary": null,
  "key_points": [
    "On Holding approves $1 billion share buyback through 2029",
    "Targets include 20% net sales growth and 65% gross margin by 2029",
    "Laura Miele named new lead independent director"
  ],
  "editors_take": "The share buyback program signals On Holding's confidence in its cash-generating ability and commitment to returning capital to shareholders, aligning with its ambitious long-term growth objectives and financial targets.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}