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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 402 mln
EUR 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
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(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.)