Swiss sneaker maker plunges 14% on weak guidance, slower than expected 2026 growth [MSNBC.com]
FactSet Research Systems Inc. (FDS)
Last factset research systems inc. earnings: 3/26 07:01 am
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Source: MSNBC.com
In this articleThe Roger models, named after former tennis player and company investor Roger Federer, are displayed in a shop of Swiss shoemaker On in Zurich, Switzerland, Aug. 28, 2025.Denis Balibouse | ReutersSwiss sneaker makerOn HoldingThe Cloudmonster maker expects 2026 net sales to grow by at least 23% in constant currencies, implying at least 3.44 billion Swiss francs ($4.38 billion) at current spot rates. While that would be a faster pace of growth than most of its competitors, it represents a slowdown from the 35.6% constant currency growth it saw in fiscal 2025 and was below analyst consensus of about 3.7 billion francs.In an interview with CNBC, co-founder and executive chair David Allemann said the company is taking a "strategic" approach to its growth in 2026 and its guidance is based on the "incredible demand" it expects to see in the key Americas market."We don't want to build a brand just for the next years," said Allemann. "We're building a brand for the next decade a
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FDS
Earnings
- 12/18/25 - Beat
FDS
Sec Filings
- 3/4/26 - Form 8-K
- 2/17/26 - Form 4
- 2/17/26 - Form SCHEDULE
- FDS's page on the SEC website