Federer-backed On Holding lifts 2025 sales outlook after Q2 beat
On Holding (ONON) raised its FY2025 sales growth forecast to at least 31% YoY after Q2 sales of CHF 749.2 million topped estimates, driven by direct-to-consumer growth and forex gains. Despite a CHF 0.09/share loss, margins rose to 61.5%. Stocktwits sentiment remained 'extremely bullish', though shares slipped premarket amid tariff risks on Vietnam and Indonesia imports.