US Stocks: Birkenstock Shares Jump 18% as Strong Demand Prompts Revenue Forecast Hike
- On Aug 13, Birkenstock raised its full-year sales growth forecast to 15% and beat third-quarter revenue estimates, banking on resilient demand for premium sandals from affluent shoppers, sending shares up about 12% premarket.
- Expanding Direct-to-consumer business and retail footprint drove growth across regions as affluent shoppers continued purchasing premium sandals despite broader discretionary spending pullback. This strategy mirrors industry-wide push to sell directly for higher margins.
- CEO Oliver Reichert noted Asia-Pacific sales jumped 18% during the quarter, while the Americas grew 11% and EMEA rose 15%. Revenue of $836.5 million topped Street forecasts of $822.8 million.
- Guggenheim Securities analyst Simeon Siegel said Birkenstock is capitalizing on its "whitespace runway in a measured fashion," suggesting demand outstrips available supply. The company reported third-quarter profit of $127.4 million.
- Birkenstock maintains its annual profit forecast of $2.21 to $2.38 per share, with full-year revenue projected between $2.67 billion and $2.73 billion. The company remains cautious about uncertainty in the Gulf market due to conflict.
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Sandal manufacturer Birkenstock can increase its sales by 15 percent. The company also buys back shares.
Birkenstock Q3 Earnings Call Highlights
Birkenstock (NYSE:BIRK) raised its fiscal 2026 outlook after reporting third-quarter revenue growth at the high end of its annual target range, supported by broad regional demand, accelerating direct-to-consumer sales and expansion of its owned retail footprint. For the quarter ended June 30, reven
Birkenstock shares pop 20% to 3-week high after strong fiscal Q3; company raises annual revenue forecast
Shares of Birkenstock soared 20% to $43.90 after positive Q3 results, reporting 13% revenue growth. The company raised its full-year sales forecast and benefited from strong demand for its footwear. Despite a 15% decline in net profit, adjusted figures improved sharply.
The Economic Times
Times of IndiaUS stocks: Birkenstock shares jump 18% as strong demand prompts revenue forecast hike
Birkenstock has raised its annual sales growth forecast after surpassing quarterly revenue expectations. The company's robust performance was largely driven by strong full-price demand for its premium sandals. Sales through the direct-to-consumer channel surged by fourteen percent, accounting for nearly thirty-nine percent of total revenue. The Asia-Pacific region led the way in growth, while EMEA and the Americas also enjoyed robust double-digi…
The German shoe brand Birkenstock recorded higher sales in the past quarter. The company, best known for its sandals, benefited from the increased popularity of its closed shoes and loafers, according to CEO Oliver Reichert.
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