Birkenstock, the renowned sandal maker, recently outperformed revenue expectations in its latest earnings report, attributing the success to higher pricing and strong demand in the U.S. The company's earnings surpassed estimates, marking it as one of the standout IPOs of 2023. According to detailed financial results, Birkenstock reported an adjusted earnings per share of 9 euro cents, aligning with expectations, and a revenue of 302.9 million euros, exceeding the anticipated 288.7 million euros. This represents a 22% increase from the previous year's 248.5 million euros. Despite this achievement, Birkenstock's shares experienced an 8% decline after the company posted a loss in its second report as a public entity. The company also reported a record first quarter 2024 revenue, up 26%, but its shares were down 2.1% pre-market.