On Holding is trading 11.13% up at $30.36 after announcing its first share-repurchase program, authorizing up to $1 billion through December 31, 2029.
- Targets include at least CHF5.6 billion in 2029 revenue and high-teens constant-currency sales growth.
- The company also targets a 65%+ gross margin and 22%+ adjusted EBITDA margin.
- The move is strongly company-specific and substantially exceeds the modestly mixed pre-market market backdrop; no volume data was provided.