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🇺🇸 Birkenstock Aims for Firmer Footing After Tough Year for Profitability https://t.co/gRzIQYI6gZ
WATCH: Shares of hippie-chic shoe brand Birkenstock soared 7%, after the Germany-based company beat market expectations for fourth-quarter results https://t.co/TVH535PhP8 https://t.co/5DekeLGgs3
Shares of hippie-chic shoe brand Birkenstock soared 7%, after the Germany-based company beat market expectations for fourth-quarter results https://t.co/OcXXrCAIqg https://t.co/NlBe4OFrh2
Birkenstock Holding ($BIRK) reported its quarterly earnings, revealing a revenue of $500.93 million, which represents a year-over-year increase of 22.88%, beating market expectations by $61.64 million. The company's earnings per share (EPS) stood at $0.32, reflecting a 128.57% year-over-year increase and surpassing estimates by $0.06. Following the announcement, Birkenstock's shares rose by 7%, driven by strong demand for its premium footwear and an optimistic forecast for margin recovery in fiscal 2025.