Birkenstock jumps after raising annual revenue forecast on strong demand
13/08/2026 11:13
BUZZ-Birkenstock jumps after raising annual revenue forecast on strong demand ** Shares of German sandal maker Birkenstock BIRK.N up about 8% at $39.55 premarket
** Co raises full-year sales growth forecast, betting on resilient demand for its premium sandals from higher-income shoppers
** Sees fiscal 2026 sales growth of 15%, compared to prior forecast of 13% to 15% rise
** BIRK posts Q3 revenue of 719.5 million euros ($829.08 million), beating analysts' estimates of 713.4 million euros - data compiled by LSEG
** Logs quarterly adjusted EPS of 0.74 euros vs expectations of 0.76 euros
** Up to last close, stock down ~10% YTD
($1 = 0.8678 euros)
(Reporting by Shania S Thomas in Bengaluru)
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