Roger Federer Is No Longer A Billionaire After Sneaker Brand Shares Slump
U.S. shares fell as much as 22% after the company missed second-quarter sales estimates and said Americas growth slowed to 13%.
- On Tuesday, Zurich-based On Holding shares plummeted 22%, marking their worst single-day performance, after the sportswear brand missed second-quarter net sales estimates of 850.3 million Swiss francs .
- Slowing growth in the Americas market, which accounts for over half of revenue, drove the miss as sales expansion decelerated to 13% on a constant-currency basis from 17% in the first quarter.
- Direct-to-Consumer sales grew about 34%, though wholesale revenue growth slowed sharply to 12.7% from 25.1%; meanwhile, Asia-Pacific sales jumped 54.7% on a constant-currency basis.
- Co-CEO David Allemann stated, "We are not sprinting for short-term volume. We are deliberately engineering for the multi-decade value of a premium brand." The company will not compromise its full-price strategy.
- The company raised its full-year gross profit margin outlook to at least 65% and widened its annual net sales forecast range, even as rivals like Adidas face their own market struggles.
38 Articles
38 Articles
Roger Federer Leaves the Multimillionaire Club: the Fortune that Tennis Legend Lost in Just 24 Hours
On Holding, the Swiss sports company suffered a collapse, which had a direct impact on Swiss finances.
The former tennis player saw the price of the shares of one of his companies plummeted and his estate fell below one billion
Why Roger Federer's Net Worth Dropped From $1.1B to $952M, and How He Built His Fortune
Roger Federer's billion-dollar fortune evaporated in a single trading session. His estimated net worth fell to £705 million ($952.4 million) on Tuesday, 11 August 2026, according to Forbes, after shares in On Holding, the Swiss sportswear firm he co-owns, plunged roughly 19 per cent. The single-day slide erased at least £38.5 million ($52 million) from his fortune within hours. It leaves Federer, 45, just below the billionaire threshold he cross…
Roger Federer lost his place in the multimillionaires club after a sharp drop in the stock market of On Holding, the sports brand of which he is a shareholder, hit his fortune. The company’s stock plummeted by 19 percent, dragging millions of dollars from the estate of the former holder. According to Forbes, Federer ... Continue reading "Roger Federer left multimillionaires’ club: Swiss’s shoe brand collapsed in the bag" The post Roger Federer l…
Losses recorded by sportswear company On Holding have impacted estimates of Roger Federer's net worth. According to the latest Forbes estimates, Federer is no longer a billionaire. The fortune of the former world number one tennis player has declined sharply following a drop in the share price of On Holding, the Swiss sportswear company in which he holds a stake. According to Forbes, Federer's net worth stood at $952.4 million as of Tuesday arou…
Coverage Details
Bias Distribution
- 35% of the sources are Center, 35% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
