On Holding tempered its sales outlook for the year after the running‑shoe maker reported lower‑than‑expected sales in the second quarter. The Swiss company on Tuesday reported net income of CHF105 million for the quarter, compared with a loss of CHF40.9 million in the same period last year. Stripping out one‑time items, earnings came in at CHF0.35 a share, while analysts polled by Fact Set expected adjusted earnings of CHF0.34 a share.

Net sales climbed 13% to CHF850.3 million, but missed Wall Street models that projected CHF878.4 million. The company’s guidance reflects a cautious stance amid a softer retail environment and increased competition in the running‑shoe market.

Investors will be watching how ON Holding’s adjusted soaking of costs and product mix adjustments affect future profitability. The company’s leadership is expected to outline strategies to regain momentum and address the shortfall in the coming earnings الصين