Birkenstock Holding (BIRK) Tops Q@ EPS by 3c; Raises Forecast
Birkenstock Holding (NYSE: BIRK) reported Q@ EPS of EUR0.38, EUR0.03 better than the analyst estimate of EUR0.35. Revenue for the quarter came in at EUR481.2 million versus the consensus estimate of EUR465.4 million.
GUIDANCE:
Birkenstock Holding sees FY2024 revenue of EUR1.77-1.78 billion, versus the consensus of EUR1.75 billion.
- Raises 2024 revenue growth forecast to about 20% on a constant currency basis, from prior guidance of 17%-18% constant currency growth
- Sees 2024 adjusted EBITDA of €535 million-€545 million, up from prior guidance of €520 million-€530 million
- Reiterates medium to long-term profitability objectives for gross profit margin of about 60% and adjusted EBITDA margin over 30%
For earnings history and earnings-related data on Birkenstock Holding (BIRK) click here.