🟢 On Holding is trading 4.17% up in pre-market after $1 billion buyback, new 2029 targets

On Holding is trading 4.17% up at $28.46 in pre-market after announcing a share-repurchase authorization of up to $1 billion through 2029 and new long-term growth targets at its September 22 investor day.

• Targets include at least CHF5.6 billion in 2029 revenue and a 22% adjusted EBITDA margin.
• On Holding reiterated its 2026 outlook; the investor day began at 8:00 a.m. Eastern Time.
• Broader U.S. index futures were slightly weaker; no pre-market volume was provided.