Birkenstock up after raising annual forecast, price hike plan to offset tariffs

Birkenstock Holding

15/05/2025 15:30

Updates

** German footwear maker Birkenstock's BIRK.N shares rise as much as 9.2% to $59.50 - highest since January 2025

** 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

** Expects 2025 revenue growth 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 euro per share vs estimates of 0.54 euro

** BIRK plans to take low-single-digit price hikes globally to mitigate the impact of U.S. tariffs of 10% on European-Union-made goods

        ** Birkenstocks are continuing to be such a hot trend, shoppers are not baulking at price increases, with higher selling prices a draw not a hindrance - Susannah Streeter, head of money and markets at Hargreaves Lansdown

** Including session moves, stock up about 1% YTD

 (Reporting by Siddhi Mahatole and Anuja Bharat Mistry in Bengaluru)

 ((siddhi.mahatole@thomsonreuters.com))