William Blair Reiterates Outperform Rating on Birkenstock Holding plc (BIRK)

William Blair analyst Sharon Zackfia reiterated an Outperform rating on Birkenstock Holding plc (NYSE: BIRK)

The analyst comments "We believe healthy trends continued at Birkenstock in its fiscal first quarter (ended December) with a strong holiday season across all regions. We project revenue growth in keeping with expectations (issued December 18) for the high end of full-year guidance of 15% to 17%, translating to adjusted EBITDA growth of 16% (versus consensus of 12%). By channel, we expect a high-teens increase in wholesale and a midteens increase in DTC. Regionally, we anticipate high-teens growth in both APAC and the Americas alongside midteens growth in EMEA."

For an analyst ratings summary and ratings history on Birkenstock Holding plc click here. For more ratings news on Birkenstock Holding plc click here.

Shares of Birkenstock Holding plc closed at $56.48 yesterday.

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