BIRKENSTOCK Holding plc (NYSE: BIRK) reported fiscal 2025 revenue of EUR 2.1 billion, representing 16% growth on a reported basis and 18% growth in constant currency. The company exceeded its guidance range of 15-17% revenue growth.

The footwear manufacturer achieved adjusted EBITDA of EUR 667 million, up 20% year-over-year, with an adjusted EBITDA margin of 31.8%, reaching the high end of the company's guidance range of 31.3-31.8%. Net profit increased 82% to EUR 348 million from EUR 192 million in fiscal 2024.

Revenue growth was driven by strong performance across all segments and channels. B2B revenue grew 20% on a reported basis, while direct-to-consumer revenue increased 11%. The company expanded its retail footprint by opening 30 new own-retail stores during the year, bringing the total to 97 stores.

Closed-toe shoes continued to outpace sandal growth, with closed-toe products representing 38% of revenue, an increase of 500 basis points from the prior year. The company achieved double-digit revenue growth in all geographic segments: Americas grew 15% on a reported basis, EMEA increased 14%, and APAC rose 31%.

For fiscal 2026, BIRKENSTOCK projects revenue growth of 13-15% in constant currency, translating to reported revenue of EUR 2.30-2.35 billion. The company expects adjusted EBITDA of at least EUR 700 million and plans to repurchase USD 200 million in shares, subject to market conditions.

The company repurchased and cancelled 3.9 million shares during fiscal 2025 for EUR 176 million. Net leverage declined to 1.5x from 1.8x in the prior year. BIRKENSTOCK invested approximately EUR 85 million in capital expenditures, primarily for production capacity expansion.