Consumer Behavior
On Holding Stock Pops After Record Q1 2026: Founders Return As CEOs As ONON Crushes Nike, Lululemon On Margin
On Holding posted Q1 revenue of CHF 831.9 million and net income of CHF 103.3 million, with gross margin at 64.2% — putting the Swiss running brand 23 points clear of Nike on profitability. Co-founders David Allemann and Caspar Coppetti return as joint CEOs May 1, replacing Martin Hoffmann.
