🔴 On Holding is trading 22% down today after revenue miss and weaker sales guidance

On Holding is trading 21.85% down now at $30.30 after its August 11, 2026 earnings report showed quarterly revenue below consensus.

• Revenue was CHF 850.3 million versus CHF 881.4 million consensus, despite an earnings beat.
• Fiscal 2026 sales guidance fell short of expectations, overshadowing stronger DTC growth and the raised gross-margin target.
• The decline is company-specific, with major indices broadly mixed.