BIRK Stock Recent News

Matt Boss, JPMorgan retail analyst, joins 'Closing Bell' to discuss retail earnings and the retail trade.

Birkenstock's share price dip presents a buying opportunity due to strong growth, high margins, and promising expansion in Asia, particularly China. The company maintains a ~20% growth CAGR and boasts ~60% gross margins, a rarity among consumer products companies. Despite a conservative FY25 outlook, Birkenstock's Q1 results showed 19% y/y revenue growth and strong B2B segment performance, affirming its robust market position.

Birkenstock Holding plc reported 19% YOY revenue growth, but the market reacted negatively due to maintained full-year guidance of 15%-17%, indicating potential deceleration from last year's 20%. Wholesale growth outperformed at 30%, but 90% came from existing doors, raising saturation concerns; DTC growth slowed to 10% from 30% last year. Product diversification is promising, with closed-toe silhouettes making up 50% of revenue; Asia grew 47% YoY, now 13% of sales.

Birkenstock, the renowned German footwear brand, posted stronger-than-expected sales for its fiscal first quarter, fueled by strong holiday demand and the growing popularity of its closed-toe clogs.

Birkenstock Holding plc (NYSE:BIRK ) Q1 2025 Earnings Conference Call February 20, 2025 8:00 AM ET Company Participants Megan Kulick - Director, Investor Relations Oliver Reichert - Director and Chief Executive Officer Erik Massmann - outgoing Chief Financial Officer Ivica Krolo - Chief Financial Officer Nico Bouyakhf - President, EMEA Alexander Hoff - Vice President, Global Finance David Kahan - President, Americas Klaus Baumann - Chief Sales Officer Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Mark Altschwager - Baird Matthew Boss - JPMorgan Randy Konik - Jefferies Louise Singlehurst - Goldman Sachs Simeon Siegel - BMO Dana Telsey - Telsey Lorraine Hutchinson - Bank of America Micheal Binetti - Evercore ISI Anna Andreeva - Piper Sandler Sam Poser - Williams Trading Erwan Rambourg - HSBC Jim Duffy - Stifel Janine Stichter - BTIG Operator Good morning, and thank you for standing by. Welcome to Birkenstock's First Quarter 2025 Earnings Conference Call.

Birkenstock (BIRK -5.34%), known for its iconic footwear, presented its first quarter results for fiscal 2025 on Feb. 20. Although revenue missed analyst expectations, the company reported robust earnings per share (EPS) thanks to increased demand for closed-toe products.

Birkenstock (BIRK) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.09 per share a year ago.

Birkenstock reported a profit beat amid strong growth in a key geographic region.

LONDON, GB / ACCESS Newswire / February 20, 2025 / Birkenstock Holding plc ("BIRKENSTOCK", the "Company" or "we"), (NYSE:BIRK) today announces financial results for the first quarter ended December 31, 2024. The Company reports first quarter revenue growth of 19% on a reported and constant currency basis, ahead of the Company's annual guidance of 15-17%, driven by strong holiday demand for its products across all segments, channels and categories.

Birkenstock 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.