BIRK Stock Recent News

Shares of sandal company Birkenstock (BIRK 5.69%) jumped on Wednesday after the company reported its financial results for its fiscal fourth quarter of 2024, capping off a strong year of growth and profitability. As of 9:45 a.m.

Shares of Birkenstock Holdings PLC (NYSE:BIRK) are up 8.8% at $61.00 at last glance, earlier as high as $62.45, after the footwear retailer  posted better-than-expected fiscal fourth-quarter earnings and revenue.

Birkenstock Holdings (BIRK) posted better fourth-quarter results than analysts had expected Wednesday and outlined its expectations for its second full fiscal year as a public company, sending shares higher.

Birkenstock Holding PLC (NYSE:BIRK) shares jumped on Wednesday after the footwear maker unveiled expectation-beating results for the fourth quarter. Revenue surged by 22% to €456 million ($478 million) during the quarter, Birkenstock said on Wednesday, outdoing estimates for €439 million.

Birkenstock (BIRK) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to loss of $0.16 per share a year ago.

Birkenstock Holding plc BIRK will release its fourth-quarter financial results, before the opening bell, on Wednesday, Dec. 18.

Birkenstock (BIRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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.