Why Birkenstock Holding PLC (BIRK) Surged Last Week
Wall Street's main indices were a mixed bag anew on Thursday, with the tech-heavy Nasdaq the sole loser, as investors continued to digest results of more corporate earnings and key economic data.
The Nasdaq was down by 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent.
Beyond the major indices, 10 companies finished stronger on the back of impressive corporate earnings and planned mergers and acquisitions. In this article, we explore the specific reasons behind their surge.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
A shopper browsing the wide selection of trendy footwear in a franchised store.
Birkenstock Holding rallied for a seventh consecutive day on Thursday, jumping 5.89 percent to close at $57.70 each after reporting a strong earnings performance in the second quarter of fiscal year 2025.
In a statement, Birkenstock Holding PLC (NYSE:BIRK) said net income during the period increased by 47 percent to 105 million euros from 71.6 million euros in the same period last year, pushing its six-month net income to expand by 94 percent to 125 million euros from 64.5 million euros year-on-year.
Revenues rose by 19 percent to 574 million euros from 481 million euros in the second quarter alone, while revenues in the six-month period grew by 19.4 percent to 936 million euros from 784 million euros.
Following the results, Birkenstock Holding PLC (NYSE:BIRK) has raised its full fiscal year guidance, with revenues expected to increase by 15 to 17 percent despite the threats of higher tariffs.
Overall, BIRK ranks 7th on our list of stocks that surged last week. While we acknowledge the potential of BIRK as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than BIRK but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at .
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