Swiss sportswear company On raises its full-year guidance after posting double-digit growth, expecting fiscal 2025 sales to reach 2.98 billion francs, up 34% from the prior year. During the third quarter, On beat Wall Street’s expectations with earnings per share of 43 cents and revenue of 794 million francs.

Competitors like Nike and Hoka plan for sales decline or growth slowdown, while On gears up for holiday season without Black Friday discount. On aims to be the most premium sportswear brand in the market with innovative products. On’s Cloudboom Strike LS shoes, made with “LightSpray” technology, were worn by runner Hellen Obiri to break a record.

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1. The US economy added 235,000 jobs in August, beating expectations of 750,000. Unemployment rate fell to 5.2%.

2. Tesla announced plans to open its first European Gigafactory in Germany, projected to create 10,000 jobs.

3. Apple is set to unveil the new iPhone 13 at a virtual event on September 14, with analysts predicting strong demand.: On (ONON) earnings Q3 2025