Stock Track | Birkenstock Holding Soars 5% on Stellar 2024 Earnings and Bright Outlook

Stock Track

Dec 21, 2024

Birkenstock Holding plc (NYSE: BIRK), the leading luxury footwear brand, witnessed its stock soar 5% in the pre-market trading session on Friday, following the release of its impressive full-year 2024 financial results.

The company reported a remarkable 21% year-over-year increase in revenue, reaching €1.80 billion, driven by strong demand for its iconic sandals and footwear products. Notably, Birkenstock's net income skyrocketed by 155% to €191.6 million, reflecting a significant improvement in profitability. The company's profit margin also expanded from 5% to 11%, indicating enhanced operational efficiency.

Birkenstock's earnings per share (EPS) surpassed analyst expectations, climbing to €1.02 from €0.41 in the previous year. This stellar performance, coupled with forecasts of a 15% annual revenue growth over the next three years, surpassing the industry average, has bolstered investor confidence in the company's future prospects.

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Notably, Birkenstock's net income skyrocketed by 155% to €191.6 million, reflecting a significant improvement in profitability. The company's profit margin also expanded from 5% to 11%, indicating enhanced operational efficiency.</p>\n\n<p>Birkenstock's earnings per share (EPS) surpassed analyst expectations, climbing to €1.02 from €0.41 in the previous year. This stellar performance, coupled with forecasts of a 15% annual revenue growth over the next three years, surpassing the industry average, has bolstered investor confidence in the company's future prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BIRK","symbol_name":"勃肯","start_time":0,"source_url":"","article_id":"1129977909","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129977909","pubTimestamp":1734712223,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Birkenstock Holding plc , the leading luxury footwear brand, witnessed its stock soar 5% in the pre-market trading session on Friday, following the release of its impressive full-year 2024 financial results.The company reported a remarkable 21% year-over-year increase in revenue, reaching 1.80 billion, driven by strong demand for its iconic sandals and footwear products. 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