1214 GMT - Birkenstock's sticking to its fiscal 2025 target is understandable despite positive trends, Bernstein analyst Luca Solca says in a note. The German sandal maker continues to anticipate revenue growth between 15% and 17% at constant currency and an adjusted Ebitda margin in a range of 30.8% to 31.3%. The group reported a 19% increase in revenue for the first quarter ended Dec. 31. "We think it makes sense that the company reiterated the guidance," he says. Despite overall results being ahead of expectations, it is still early in the year, Solca says. The analyst also noted that the company benefited from holiday demand during the period. Shares are down 4% in premarket trading. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
February 20, 2025 07:14 ET (12:14 GMT)
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