
Why On Holding's (ONON) Q3 Sets the Stage for Its Turnaround

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On Holding AG's Q3 results offer hope for a turnaround in 2026 after a challenging 2025. Despite a tough year for premium consumer and discretionary retail stocks, the latest results suggest a positive shift for the company.
As 2025 has been a tough year for On Holding AG (ONON) investors, the latest Q3 results finally brought a sense of hope that things may be shifting heading into 2026. To be fair, this hasn't been a great year for premium consumer and discretionary retail stocks overall—only a handful have managed to avoid underperformance.
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