Earnings
Home›Earnings›Results›Birkenstock shares jump after fiscal Q3 and raised ann…
Birkenstock shares jump after fiscal Q3 and raised annual outlook
The company forecast 15% constant-currency revenue growth for the fiscal year ending in September, after June-quarter revenue rose to €720 million and adjusted profit improved.
Birkenstock Holding shares surged about 20% to a three-week high in New York after the company posted better-than-expected fiscal third-quarter results and increased its full-year sales outlook, pointing to sustained demand for its footwear. For the quarter ended June, Birkenstock reported 13% year-on-year revenue growth on a reported basis and 15% in constant currency, with revenue reaching €720 million in the June quarter. Growth remained in double digits across regions, including 14% in the Americas, 15% in EMEA, and 18% in APAC on a constant-currency basis.
The company said direct-to-consumer performance outpaced B2B, with DTC revenue up 14% on a reported basis and 16% in constant currency, supported by strength in both digital and physical stores. LiveMint Markets also noted Birkenstock’s mix shift toward higher-priced products such as closed-toe sneakers, boots, clogs, and slippers.
Birkenstock’s net profit fell 15% year-on-year to €110 million, while EPS declined 13% to €0.60, reflecting €22 million in non-recurring, non-cash expenses tied to accelerated share repurchases and the refinancing of senior notes. Excluding those items, adjusted net profit rose 15% to €134 million and adjusted EPS increased 19% to €0.74, while adjusted EBITDA rose 11% to €242 million and the adjusted EBITDA margin was 33.7%, down 70 basis points, impacted primarily by currency translation.