Birkenstock beats holiday-quarter revenue estimates on strong demand

Reuters
02-20
Birkenstock beats holiday-quarter revenue estimates on strong demand

Feb 20 (Reuters) - Birkenstock BIRK.N beat Wall Street expectations for first-quarter revenue on Thursday, as the German footwear maker benefited from strong holiday-driven demand for its expensive cork-based sandals and shoes.

The company reported quarterly revenue of 361.7 million euros ($377.47 million), compared with analysts' average estimate of 356.2 million euros, according to data compiled by LSEG.

($1 = 0.9582 euros)

(Reporting by Juveria Tabassum and Neil J Kanatt in Bengaluru; Editing by Shinjini Ganguli)

((Juveria.Tabassum@thomsonreuters.com;))

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