Birkenstock Reports Record First Quarter 2024 Revenue, up 26%
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March 1, 2024 6:35 AM EST
Baird analyst Mark Altschwager raised the price target on Birkenstock Holding plc (NYSE: BIRK) to $58.00 (from $54.00) while maintaining a Outperform rating.
The analyst comments "Birkenstock delivered EPS in-line with street expectations as higher sales offset slightly lower margins. Management expressed increased confidence in... More
February 29, 2024 5:42 AM EST
Birkenstock Holding (NYSE: BIRK) reported better-than-anticipated revenue and adjusted EBITDA for the fiscal first quarter and reiterated its outlook for 2024.
BIRK shares rose 0.5% in premarket trading Thursday.
For the Q1, the shoemaker revealed a loss per share of $0.04. Revenue came in at $302.9 million, up 26% year-over-year, and topping the consensus estimate of $288.2 million.
The adjusted EBITDA stood at 81 million, also... More
