On Holding's Robust APAC Performance Strengthens Its Global Footprint
On Holding AG reported strong Asia-Pacific growth with net sales jumping 43.1% to CHF 170.5M, now representing 20% of quarterly sales. The region's momentum was broad-based across Japan, South Korea, and Greater China, with strong DTC performance and full-price discipline helping expand gross margins to 65.4%. However, the company carries a Zacks Rank #5 (Strong Sell) rating, and shares have declined 24.6% over three months.