UBS Lifts Birkenstock (BIRK) PT to $77 Amid FQ3 Revenue, Global Growth
Birkenstock Holding achieved a 16% revenue growth in constant currency in FQ3, while reported revenue growth was 12%. This double-digit growth was seen across all segments and channels, with the Americas, EMEA, and APAC regions growing by 16%, 13%, and 24% respectively, in constant currency. The company's B2B channel was a key driver, outpacing D2C with an 18% constant currency revenue growth. The total revenue for the quarter was $739.62 million.
Creative Lab/Shutterstock.com
The company successfully implemented price increases without any negative market response. Birkenstock is also expanding its retail presence, having added 13 new stores and aiming to have around 100 stores by the end of the fiscal year 2025.
Birkenstock Holding (NYSE:BIRK) engages in the manufacture and sale of footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories.
While we acknowledge the potential of BIRK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
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Disclosure: None. This article is originally published at Insider Monkey.
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