Birkenstock Reports Record Second Quarter Revenue, up 23% Y/Y, Driven by Strong Consumer Demand Across All Segments, Channels and Categories; Company Raises Full-Year Revenue Growth Guidance to 20%

Go back to Birkenstock Reports Record Second Quarter Revenue, up 23% Y/Y, Driven by Strong Consumer Demand Across All Segments, Channels and Categories; Company Raises Full-Year Revenue Growth Guidance to 20%

Birkenstock Holding plc (BIRK) PT Raised to $65 at Jefferies

May 30, 2024 4:05 PM EDT

Jefferies analyst Randal Konik raised the price target on Birkenstock Holding plc (NYSE: BIRK) to $65.00 (from $60.00) while maintaining a Buy rating.

The analyst comments "BIRK reported solid 2Q results, with the company generating DD% sales growth across both channels and all regions. Closed-toe strength was... More

Citi Reiterates Buy Rating on Birkenstock Holding plc (BIRK)

May 30, 2024 7:32 AM EDT

Citi analyst Paul Lejuez reiterated a Buy rating and $55.00 price target on Birkenstock Holding plc (NYSE: BIRK).

The analyst comments "Momentum continued in 2Q with reported sales growth +22% (cc +23%) beating cons +18% driven by beats across every region. In the Americas (BIRKs most mature... More

Birkenstock shares soar 12% on beat-and-raise Q1 print; analysts remain bullish

May 30, 2024 6:04 AM EDT

(Updated - May 30, 2024 9:59 AM EDT)

Birkenstock Holding (NYSE: BIRK) saw its shares surge more than 12% at the market open Thursday after the German shoemaker reported Q2 earnings and revenue that beat analyst expectations and raised full-year guidance.

The companys earnings per share (EPS) in the quarter came in at EUR 0.38, topping the analyst estimates of EUR 0.35. Revenue rose to EUR 481.2 million, also above the consensus projection of EUR 465.4 million.

Birkenstocks... More