On Reports Record Sales in Q1 2025

SummaryOn's shares increased by 8% on Tuesday after the Swiss brand reported a record quarterly net sales of 726.6 million Swiss francs.Parent company On Holding AG raised its guidance for 2025 in response to the positive earnings.On's strong Q1 earnings have resulted in a record quarterly net sales of 726.6 million Swiss francs, leading the company's shares to jump 8% on Tuesday morning and prompting the company to raise its annual guidance. According to WWD, the Swiss running net sales increased 43% from last year's 508.2 million Swiss francs in Q1, which the company has attributed to its direct-to-consumer momentum and wholesale demand.“Looking into the second quarter and beyond, we are energized by the global traction and cultural resonance of On as a head-to-toe sportswear brand,” said Caspar Coppetti, co-founder and executive co-chairman of On. “As we solidify our premium positioning in the marketplace, we will continue to focus on what differentiates us — combining performance and design with a constant thirst for innovations big and small," Coppetti continued.On shared that net sales in Europe, the Middle East, and Africa increased 33.6% to 168.6 million Swiss francs, in the Americas increased 32.7% to 437.4 million Swiss francs, and in Asia-Pacific it grew by 130.1% to 120.6 million Swiss francs. While net sales for shoes increased 40.5% to 680.9 million Swiss francs, apparel and accessories showed strong growth. Apparel net sales increased 93.1% to 38.1 million Swiss francs, and accessories increased by 99.2% to 7.6 million Swiss francs.On recently unveiled a new collaboration with Loewe centered on the Cloudventure Loewe 2 shoe, building on the duo’s previous footwear offering. The brand also continued its partnership with Zendaya, unveiling a Sci-Fi inspired campaign starring the American actress, wearing the Cloudzone lifestyle sneaker and On's Studio Knit Bodysuit, crop tops, tights, jackets, tees and shorts.Stay tuned to Hypebeast for the latest fashion industry news.Click here to view full gallery at Hypebeast

May 13, 2025 - 18:34

Summary

On's shares increased by 8% on Tuesday after the Swiss brand reported a record quarterly net sales of 726.6 million Swiss francs.
Parent company On Holding AG raised its guidance for 2025 in response to the positive earnings.

On's strong Q1 earnings have resulted in a record quarterly net sales of 726.6 million Swiss francs, leading the company's shares to jump 8% on Tuesday morning and prompting the company to raise its annual guidance. According to WWD, the Swiss running net sales increased 43% from last year's 508.2 million Swiss francs in Q1, which the company has attributed to its direct-to-consumer momentum and wholesale demand.

“Looking into the second quarter and beyond, we are energized by the global traction and cultural resonance of On as a head-to-toe sportswear brand,” said Caspar Coppetti, co-founder and executive co-chairman of On. “As we solidify our premium positioning in the marketplace, we will continue to focus on what differentiates us — combining performance and design with a constant thirst for innovations big and small," Coppetti continued.

On shared that net sales in Europe, the Middle East, and Africa increased 33.6% to 168.6 million Swiss francs, in the Americas increased 32.7% to 437.4 million Swiss francs, and in Asia-Pacific it grew by 130.1% to 120.6 million Swiss francs. While net sales for shoes increased 40.5% to 680.9 million Swiss francs, apparel and accessories showed strong growth. Apparel net sales increased 93.1% to 38.1 million Swiss francs, and accessories increased by 99.2% to 7.6 million Swiss francs.

On recently unveiled a new collaboration with Loewe centered on the Cloudventure Loewe 2 shoe, building on the duo’s previous footwear offering. The brand also continued its partnership with Zendaya, unveiling a Sci-Fi inspired campaign starring the American actress, wearing the Cloudzone lifestyle sneaker and On's Studio Knit Bodysuit, crop tops, tights, jackets, tees and shorts.

Stay tuned to Hypebeast for the latest fashion industry news.

Click here to view full gallery at Hypebeast