Birkenstock shares soar 12% on beat-and-raise Q1 print; analysts remain bullish
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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%
May 30, 2024 5:42 AM EDTLONDON, UK / ACCESSWIRE / May 30, 2024 / Birkenstock Holding plc ("BIRKENSTOCK", the "Company" or "we"), (NYSE: BIRK) today announces financial results for the second quarter of fiscal 2024, ended March 31, 2024. The Company reports record second quarter 2024 revenue and year-over-year growth of 23% on a constant currency basis, driven by continued strong consumer demand for its products across all segments, channels and categories.
As a result of the strength in the first half of fiscal 2024 and continued demand growth, BIRKENSTOCK is increasing its fiscal 2024 revenue growth guidance to 20% in constant currency, up... More
