Birkenstock slightly beats Q3 revenue estimates, lifts FY forecast

Birkenstock Holding

13/08/2026 10:16

Overview
Germany footwear maker's fiscal Q3 revenue rose 13%, slightly beating analyst expectations
Adjusted EPS for Q3 rose 19% yr/yr
company raised FY26 revenue and EBITDA guidance
Company completed EUR 230 mln accelerated share repurchase in the quarter

Outlook
Birkenstock raises FY26 revenue growth guidance to 15% in constant currency, high end of EUR 2.3-2.35 bln
Company lifts FY26 adjusted EBITDA outlook to at least EUR 710 mln, margin 30.2-30.5%
Birkenstock expects APAC to grow at twice the pace of other segments for full year

Result Drivers
DTC GROWTH - Direct-to-consumer revenue growth outpaced B2B, driven by strength in digital and in-store channels
REGIONAL PERFORMANCE - EMEA delivered strong results led by DTC, while APAC saw highest average selling price and fastest growth
MARGIN PRESSURE - Gross profit margin declined mainly due to unfavorable currency translation, incremental U.S. tariffs, and product mix

Company press release: ID:nEQK0JfHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Beat*
EUR 719.53 mln
EUR 713.74 mln (18 Analysts)
Q3 Adjusted EPS
 
EUR 0.74
 
Q3 EPS
 
EUR 0.60
 
Q3 Adjusted Net Income
 
EUR 134 mln
 
Q3 Adjusted EBITDA Margin
 
33.70%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "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 $51.00, about 38.8% above its August 12 closing price of $36.74
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

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Aug 12 - Douglas Q3 revenue falls on soft demand, maintains outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)