Investing.com -- Birkenstock Holding ltd (NYSE: BIRK) reported stronger-than-expected fourth-quarter results, while the footwear maker issued a cautious outlook for fiscal 2026 that fell short of analyst estimates.

The German shoemaker posted Q4 earnings per share of €0.51, beating the consensus estimate of €0.36.

Revenue rose to €526.3 million, ahead of forecasts of €521.1 million, representing a 15% increase on a reported basis and 20% growth in constant currency.

Growth was broad-based across geographies. Revenue in the Americas increased 11% year over year, or 18% in constant currency.

EMEA revenue rose 16%, or 17% in constant currency, while APAC delivered the strongest performance, with reported growth of 33% and constant-currency growth of 38%.

Adjusted EBITDA for the quarter climbed 17% year over year to €147 million, with an adjusted EBITDA margin of 27.8%, up 40 basis points from the prior year.

The company said margin expansion came despite significant headwinds, including a 140-basis-point drag from currency translation and a 100-basis-point impact from incremental U.S. tariffs.

Gross profit margin declined to 58.1%, down 90 basis points from the fourth quarter of 2024, reflecting the same headwinds.

For the full year, Birkenstock reported revenue of €2.1 billion, up 16% on a reported basis and 18% in constant currency.

“We are proud to be reporting very strong fiscal 2025 results, with constant currency revenue growth coming in ahead of our target at 18% and Adjusted EBITDA margin at the high end of our guidance range,” CEO Oliver Reichert said in a statement.

Looking ahead, the company guided fiscal 2026 revenue to a range of €2.3 billion to €2.35 billion, below the consensus estimate of €2.39 billion.

Birkenstock expects adjusted EBITDA of at least €700 million, compared with consensus expectations of €757.8 million. This implies an adjusted EBITDA margin of 30.0% to 30.5%, inclusive of currency translation incremental tariffs headwinds.

The company forecast a gross profit margin of 57.0% to 57.5%.