Latest news with #BIRK
Yahoo
3 days ago
- Business
- Yahoo
Birkenstock CEO Says Well-Positioned To Navigate Tariffs, Reaffirms Outlook
Birkenstock Holding (NYSE:BIRK) shares are trading lower on Wednesday. The company reported third-quarter adjusted earnings per share of 70 cents, beating the analyst consensus estimate of 67 cents. Quarterly sales of $720.12 million missed the Street view of $739.49 million.'Reported revenue growth was 12%. On a constant currency basis, we grew revenue by 16%, with double-digit growth in all regions. Underlying demand remains strong and we are on track to meet our target of constant currency growth at the high end of the 15-17% range we provided at the beginning of the year,' said CEO Oliver Reichert. In Euros, revenue totaled 635 million euros, an increase of 12% on a reported basis and 16% in constant currency. Revenue grew double digits across all segments, rising 10% in the Americas, 13% in EMEA, and 21% in APAC on a reported basis. In constant currency, growth was 16% in the Americas, 13% in EMEA, and 24% in APAC. View more earnings on BIRK Gross profit margin was 60.5%, up 100 basis points from 59.5% a year ago. The increase was driven by price adjustments and improved manufacturing capacity absorption, partially offset by unfavorable currency translation and channel mix. The firm reported adjusted EBITDA of 218 million euros, up 17% year-over-year. Adjusted EBITDA margin totaled 34.4%, up 140 basis points from 33.0% a year ago. 'We believe we are well-positioned to manage the impact of the current 15% US/EU tariff agreement through a combination of pricing adjustment, cost discipline and inventory management to protect the long-term health and profitability of the Birkenstock brand,' the CEO added. The company exited the quarter with cash and equivalents worth 261.834 million euros. During the company's conference call, Birkenstock CEO reportedly said the July 1 price increases in the U.S. were met with no pushback or order cancellations from retailers, signaling strong retailer acceptance despite higher prices. Outlook Birkenstock Holding reaffirmed its fiscal year 2025 sales guidance at $2.254 billion. In fiscal year 2025, the company expects an adjusted EBITDA margin of 31.3% to 31.8%, despite a significantly weaker US dollar. Price Action: BIRK shares are trading lower by 3.40% to $48.52 at last check Thursday. Read Next:Photo by Josh Forden via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Birkenstock CEO Says Well-Positioned To Navigate Tariffs, Reaffirms Outlook originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
20-05-2025
- Business
- Yahoo
Why Birkenstock Holding PLC (BIRK) Surged Last Week
We recently published a list of . In this article, we are going to take a look at where Birkenstock Holding PLC (NYSE:BIRK) stands against other stocks that surged yesterday. 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. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Why Birkenstock Holding PLC (BIRK) Surged Last Week
We recently published a list of . In this article, we are going to take a look at where Birkenstock Holding PLC (NYSE:BIRK) stands against other stocks that surged yesterday. 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. READ NEXT: and . Disclosure: None. This article is originally published at .
Yahoo
15-05-2025
- Business
- Yahoo
Birkenstock: Fiscal Q2 Earnings Snapshot
LONDON (AP) — LONDON (AP) — Birkenstock Holding PLC (BIRK) on Thursday reported fiscal second-quarter profit of $110.6 million. On a per-share basis, the London-based company said it had profit of 59 cents. Earnings, adjusted for non-recurring gains, came to 58 cents per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. The sandal maker posted revenue of $604.2 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $625.4 million. Birkenstock shares have decreased nearly 4% since the beginning of the year. The stock has risen 13% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BIRK at Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Birkenstock: Fiscal Q2 Earnings Snapshot
LONDON (AP) — LONDON (AP) — Birkenstock Holding PLC (BIRK) on Thursday reported fiscal second-quarter profit of $110.6 million. On a per-share basis, the London-based company said it had profit of 59 cents. Earnings, adjusted for non-recurring gains, came to 58 cents per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. The sandal maker posted revenue of $604.2 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $625.4 million. Birkenstock shares have decreased nearly 4% since the beginning of the year. The stock has risen 13% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BIRK at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
