On Holding is projected to exceed expectations for third-quarter earnings, as stated by UBS. The company, renowned for its innovative sports footwear and apparel, offers a diverse range of products that includes popular brands like Nike, Jordan, and Converse.

Footwear accounts for the majority of the company's net sales at 68.6%, followed by apparel at 27%, and sports equipment at 4.1%. The remaining 0.6% comes from other product categories.

On Holding operates 1,045 stores worldwide as of May 2024 and utilizes independent distributors and online platforms to reach consumers. In terms of geographical sales, North America is the primary contributor at 41.6%, followed by Europe, the Middle East, and Africa at 26.5%. China contributes 14.7%, while the Asia/Pacific and Latin America regions account for 13.1%. Other markets make up the remaining 4.1%.