Birkenstock Holding (BIRK) Misses Q3 EPS by 12c; reaffirms guidance

Birkenstock Holding plc (BIRK) PT Lowered to $70 at Evercore ISI

Evercore ISI analyst Michael Binetti lowered the price target on Birkenstock Holding plc (NYSE: BIRK) to $70.00 (from $77.00) while maintaining a Outperform rating.

The analyst comments "Bottom Line: Were buyers and think BIRKs pullback on F3Q results creates an opportunity.... More

Goldman Sachs Reiterates Neutral Rating on Birkenstock Holding plc (BIRK)

Goldman Sachs analyst Louise Singlehurst reiterated a Neutral rating and $58.50 price target on Birkenstock Holding plc (NYSE: BIRK).

The analyst comments "BIRK reported a robust 3Q24 with cFx sales growth of +19% but this was just light of expectations (Visible Alpha Consensus Data +21% and GSE +20%). The B2B division outperformed but there was... More

Morgan Stanley Reiterates Equalweight Rating on Birkenstock Holding plc (BIRK)

Morgan Stanley analyst Edouard Aubin reiterated an Equalweight rating and $58.00 price target on Birkenstock Holding plc (NYSE: BIRK).

The analyst comments "Birkenstock reported 3Q24 results (its biggest quarter) this morning, with sales of 565m with +19% CER (-0.5% vs. consensus at 568m and +19.9% CER) and Adj. EBITDA of 186m (vs. css 187m). The slight... More

Birkenstock shares tumble as Q3 results fall short; annual guidance reaffirmed

(Updated - August 29, 2024 9:38 AM EDT)

Birkenstock Holding (NYSE: BIRK) saw its shares plummet more than 12% Thursday after the German shoemaker missed analyst expectations for Q3 earnings and revenue.

Specifically, the company posted third-quarter earnings per share (EPS) of $0.40, falling short of consensus estimates of $0.52. Revenue was reported at $564.8 million, also slightly below the expected $566.15 million.

Birkenstocks Q3 gross profit margin was 59.5%, down 220... More