Birkenstock's stock weighed down by revenue miss

Dow Jones
02-20

MW Birkenstock's stock weighed down by revenue miss

Birkenstock Holding Plc's stock fell 5% early Thursday, after the iconic German sandal maker's fiscal first-quarter revenue fell short of estimates to offset a profit beat.

The company $(BIRK)$ had per-share earnings of 11 cents for the quarter, after a loss per-share of 4 cents a year ago. Adjusted for one-time items, it had EPS of 18 cents, above the FactSet consensus of 17 cents.

Revenue rose 19% to EUR362 million, but was below the EUR372 million FactSet consensus.

Revenue was boosted by strong demand during the holiday season for the company's close-toe silhouettes, as well as double-digit volume growth and mid-single-digit growth in average selling prices. Demand was strong in APAC, where the company accelerated the pace of store openings and deliveries to B2B partners.

The company is still expecting fiscal 2025 revenue growth of 15% to 17% in constant currency.

(This is a breaking news story. Check back for updates)

-Ciara Linnane

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

February 20, 2025 06:30 ET (11:30 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10