Birkenstock up after raising annual forecast

Birkenstock Holding

15/05/2025 11:16

** German footwear maker Birkenstock's BIRK.N shares rise 5% to $57.20 premarket

** BIRK raises its annual forecasts as Q2 sales grew more than expected and co sees strong demand for its pricier range of sandals and clogs

** Co now expects its 2025 revenue growth to be at the high end of its previous forecast range of 15% to 17% on constant currency basis

** Co posts quarterly revenue of 574.3 million euros, compared with analysts' estimates of 567.7 million euros, as per data compiled by LSEG

** Co posts Q2 adj. profit of 0.55 euros per share vs estimates of 0.54 euros

** "We expect the tariff situation may create a unique shift in consumer behavior in the footwear category with a split between the few brands, like Birkenstock," says CEO Oliver Reichert

** As of last close, stock down 3.8% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))