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BIRK Birkenstock Holding News Story

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Consumer CyclicalsAdventurousLarge CapNeutral

Birkenstock preliminary Q1 revenue up 17.8% in constant currency

Overview

Footwear brand's preliminary fiscal Q1 revenue grew 17.8% in constant currency

Preliminary Q1 revenue of €402 mln missed analysts' expectations

Outlook

Company did not provide specific guidance for future quarters or fiscal year

Result Drivers

CURRENCY IMPACT - Revenue growth of 17.8% in constant currency was affected by US Dollar depreciation against the Euro

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 RevenueMissEUR 402 mlnEUR 408.50 mln (10 Analysts)
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the footwear peer group is "buy" Wall Street's median 12-month price target for Birkenstock Holding PLC is $60.00, about 38.1% above its January 9 closing price of $43.46 The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago Press Release: ID:nEQ1VHXxKa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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