Now Reading: Birkenstock shares jump 20% as Q3 revenue beats, FY26 forecast raised
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Birkenstock shares jump 20% as Q3 revenue beats, FY26 forecast raised
Birkenstock shares jump 20% as Q3 revenue beats, FY26 forecast raised
Birkenstock shares surged 20% to a three-week high of $46.30 on the NYSE on Thursday after the German footwear maker beat quarterly revenue estimates and raised its full-year sales forecast. The company…
The Story in Brief
Birkenstock shares surged 20% to a three-week high of $46.30 on the NYSE on Thursday after the German footwear maker beat quarterly revenue estimates and raised its full-year sales forecast. The company reported fiscal third-quarter revenue of €720 million, up 13% on a reported basis and 15% in constant currency, beating the average analyst estimate of €713.4 million compiled by LSEG.
Growth was led by Asia-Pacific, up 18%, with EMEA and the Americas each rising 15% and 14% respectively in constant currency terms. Direct-to-consumer sales grew 14% on a reported basis, accounting for nearly 39% of revenue. The company now expects revenue growth of 15% in constant currency for fiscal 2026, up from its earlier forecast of 13% to 15%. It maintained its annual profit forecast of €1.90 to €2.05 per share. Net profit fell 15% to €110 million due to non-recurring expenses, while adjusted net profit rose 15% to €134 million.
The Indian Opinion
The stock pop is being painted as proof that premium brands are immune to a consumer slowdown. But the numbers tell a more cautious story: adjusted earnings per share of €0.74 missed estimates, and the margin slipped 70 basis points on tariffs and currency headwinds. The real test is whether Birkenstock can hold full-price sales through the second half, when the Middle East conflict hits a high single-digit million-euro revenue drag. Watch whether the 15% growth forecast holds up when consumers start trading down earlier in the season, not just in the sunnier first quarter. The market is pricing in perfection that a 70-basis-point margin squeeze does not quite justify.
Sources (2): livemint.com, economictimes.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
