Birkenstock reported its third-quarter earnings on August 29, 2024, revealing revenue of EUR 565 million, a 19% increase year-over-year, but falling short of analysts' expectations of EUR 566.15 million. The company's earnings per share (EPS) also missed estimates, coming in at EUR 0.40 compared to the expected EUR 0.52. Despite the revenue growth, Birkenstock's stock fell by 10.9% following the earnings report, as concerns about consumer spending on high-end footwear emerged. The company maintained its full-year guidance, projecting revenue growth of approximately 19% and an adjusted EBITDA margin of 30-30.5%. Birkenstock's net profit for the quarter reached EUR 75 million, an 18% increase from EUR 63 million a year earlier. The results reflect a strong demand for its sandals, but the company faces pressure to manage margins amid changing consumer behavior.