BIRK Stock Recent News

The average of price targets set by Wall Street analysts indicates a potential upside of 29.2% in Birkenstock (BIRK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Birkenstock didn't grow direct-to-consumer revenue as much as investors hoped, which modestly affected sales and profits. The company is still setting records and has great margins, so it's worth paying attention to for now.

Birkenstock Holding plc (NYSE:BIRK ) Q3 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Megan Kulick - Director of Investor Relations Oliver Reichert - Director and Chief Executive Officer Erik Massmann - Chief Financial Officer David Kahan - President, Americas Alexander Hoff - Vice President of Global Finance Conference Call Participants Simeon Siegel - BMO Capital Markets Laurent Vasilescu - BNP Paribas Paul Lejuez - Citibank Jay Sole - UBS Matthew Boss - JPMorgan Micheal Binetti - Evercore Mark Altschwager - Baird Sharon Zackfia - William Blair Sam Poser - Williams Trading Dana Telsey - Telsey Group Louise Singlehurst - Goldman Sachs Jim Duffy - Stifel Operator Good morning and thank you for standing by. Welcome to Birkenstock's Third Quarter Fiscal 2024 Earnings Conference Call.

Birkenstock Holding PLC (NYSE:BIRK) shares traded more than 12% lower in Thursday's early deals after the designer clogs brand reported a disappointing third-quarter performance Key financials fell short of analyst expectations and margins reduced, by 220 basis points to 59.5%, with the German firm citing higher costs due to the cost of global expansion and increased production. Revenue was up 19% year-over-year to €564.8 million, slightly below the forecasted €565.2 million which was slightly less than a consensus estimate of €565.2 million.

Here is how Birkenstock (BIRK) and Madison Square Garden Entertainment (MSGE) have performed compared to their sector so far this year.

Here is how Birkenstock (BIRK) and Skechers (SKX) have performed compared to their sector so far this year.

Here is how Birkenstock (BIRK) and H&R Block (HRB) have performed compared to their sector so far this year.

One pandemic byproduct was the increased use of casual apparel as people stayed home. In footwear, clogmaker Crocs was a big beneficiary of this newfound popularity.

Here is how Birkenstock (BIRK) and iPower Inc. (IPW) have performed compared to their sector so far this year.

Shares of footwear retailer  Birkenstock Holding PLC (NYSE:BIRK) are 3.9% higher at $56.51 at last glance, following a pair of bull notes.