Alicia Windzio / image alliance by way of Getty Pictures
Key Takeaways
- Birkenstock reported fourth-quarter outcomes above expectations Wednesday morning because the shoemaker closed out its first full fiscal yr as a public firm.
- Birkenstock's revenue margins got here in decrease than final yr.
- The corporate stated it expects gross revenue margins to enhance over the following yr as its latest investments into new manufacturing capability repay.
Birkenstock Holdings (BIRK) posted higher fourth-quarter outcomes than analysts had anticipated Wednesday and outlined its expectations for its second full fiscal yr as a public firm, sending shares increased.
The shoemaker reported revenue of 52.5 million euros ($55.1 million) on income of 455.8 million euros ($478.2 million). Analysts had anticipated EUR48 million in internet earnings on income of EUR437.2 million, in line with estimates compiled by Seen Alpha.
Full-year income of EUR1.80 billion grew 21% from fiscal 2023. Chief Govt Officer (CEO) Oliver Reichert stated Birkenstock is “delivering” on the enlargement alternatives it recognized forward of its preliminary public providing (IPO) in October 2023.
Birkenstock Says New Manufacturing Amenities to Bear Fruit in FY25
Birkenstock stated it expects constant-currency income progress of 15% to 17% in fiscal 2025, and stated it expects gross revenue margins to enhance after taking a step again this yr as its investments into new manufacturing capability begin to take impact.
Birkenstock shares, which had risen 15% this yr via Tuesday's shut, gained one other 5% in premarket buying and selling.
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