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LONDON, UK / ACCESSWIRE / January 26, 2024 / Birkenstock Holding plc ("BIRKENSTOCK" or the "Company"), (NYSE:BIRK), announced today that the Company will report its first quarter fiscal year 2024 (ended December 31, 2023) financial results on Thursday, February 29, 2024 before US market open. The Company will host a conference call and live webcast with the investment community at 8:00 a.m.
Shares of Birkenstock Holdings plc NYSE: BIRK made a decent recovery after falling more than 10% from its closing price of $50 on January 17, 2024. The reason for the stock's decline was the results of Birkenstock's initial earnings report.
Birkenstock should be purchased by investors as its share price experiences weakness, analysts at Jefferies recommend. Shares of the sandal maker traded 2.3% lower at US$45 on Friday after the company reported its first quarter;s financial results following its initial public offering (IPO) on October 11, 2023.
Birkenstock warned its annual earnings would face pressure as it focuses on global expansion, disappointing investors in its first results since IPOing and causing shares to drop by as much as 14%. Executives at the sandal maker revealed plans to increase prices on its products this year, acknowledging they had "underestimated the inflation effects" in fiscal 2023.
Birkenstock is scheduled to report quarterly earnings for the first time since its October IPO before the market opens on January 18 The iconic German shoe company is protected to post fiscal 2023 fourth-quarter earnings of $0.18 per share on revenue of 391.16 million. Back in November, analysts at Jefferies initiated coverage of Birkenstock with a Neutral rating and $44 price target, calling the company “a differentiated brand with strong growth at a fair price.
LONDON, UK / ACCESSWIRE / January 8, 2024 / Birkenstock Holding plc ("BIRKENSTOCK" or the "Company") (NYSE:BIRK), announced today that the Company will report its fourth quarter and full fiscal year 2023 financial results on Thursday, January 18, 2024 before US market open. The Company will host a conference call and live webcast with the investment community at 8:00 a.m.