On Holding AG executives see long runway growth ahead, helped by some powerful traction with younger consumers.

With premium positioning in place, shoes from On are resonating with athletes and fashion fans alike as collaborations, such as the one with Burna Boy, are getting the attention of younger consumers.

“Our mission to ignite the human spirit through movement is resonating worldwide and across multiple categories,” cofounder and executive co-chairman Caspar Coppetti told investors at the company’s earnings conference call on Wednesday. “This quarter’s performance is the direct result of our premium strategy in action, delivering incredibly strong growth and record profitability.”

For the third quarter ended Sept. 30, On said net income rose 289.8 percent to 118.9 million Swiss f

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