To access the entirety of the free report, click here. Another stock that caught our eye is Texas Instruments Incorporated (NASDAQ:TXN), whom in the first quarter of 2024, broke and closed above their 2022-2023 highs, an area which marked resistance around $185-188 and corresponded with the +10 percent year-todate level. In May, a brief close above the round-number $200 mark, which corresponds to the stock's 2021 high, led to a consolidation. This has continued, as the 10-week and 50-day moving averages pla ...

According to our latest data, BIRK has moved about 15.5% on a year-to-date basis. Meanwhile, the Consumer Discretionary sector has returned an average of -2.7% on a year-to-date basis. This means that Birkenstock is outperforming the sector as a whole this year. For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Birkenstock (BIRK) is a stock that can certainly grab the attention of many investors, but do its ...

Though Birkenstock stock is fresh off its worst weekly loss since going public in October 2023, it's still up 11.7% over the last six months. The equity hit an all-time high of $61.83 on June 20, and the $54 level has acted as a floor for the subsequent pullback. In the short-term, BIRK boasts a 15.2% quarter-to-date lead. Shares of footwear retailer Birkenstock Holding PLC (NYSE:BIRK) are 3.9% higher at $56.51 at last glance, following a pair of bull notes. UBS upgraded BIRK to "buy" from "neutral," with a ...

About this content Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup News Service, Gracenot ...

As filed with the Securities and Exchange Commission on June 24, 2024. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Birkenstock Holding plc (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Jersey 3140 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Clas ...

Publicly traded since October, Birkenstock Holding PLC (NYSE:BIRK) is hitting all-time highs today, despite a downgrade from Goldman Sachs to "neutral" from "buy." The firm cited the stock's current valuation, seeing it as "fairly priced." At last check, BIRK was up 0.9% at $59.68, earlier hitting a peak of $60.55. BIRK is up 26% just in the last month, in part due to its 11.7% post-earnings pop in late May. At this point in the week, the stock is on track for its sixth consecutive weekly gain. The equity c ...

Core Viewpoint - Birkenstock is experiencing significant growth, particularly in Asia, and is expected to continue this momentum with a strong product portfolio and effective marketing strategies, despite some margin pressures due to expansion costs [5][9][12]. Financial Performance - For Q2 fiscal 2024, Birkenstock reported revenue growth of 22% year-over-year to €481 million, with constant currency growth of 23% [14]. - The company raised its full-year revenue guidance to €1.77-1.78 billion, reflecting a growth rate of 20% year-over-year in constant currency, up from a previous estimate of 17-18% [12][13]. - Adjusted EBITDA margins fell to 33.7%, down 470 basis points year-over-year, but nominal adjusted EBITDA grew by 7% [18]. Growth Drivers - Birkenstock's growth trajectory is particularly strong in Asia, with revenue increasing at a rate of 41% year-over-year, and direct-to-consumer (DTC) revenue growing by 32% year-over-year [18]. - The company has a broad product portfolio, including sandals, shoes, and accessories, catering to various price points and demographics [5]. - The average U.S. consumer owns 3.6 pairs of Birkenstocks, indicating strong brand loyalty and engagement [5]. Market Position and Strategy - Birkenstock's marketing strategy relies heavily on word-of-mouth and organic channels, which has proven effective in attracting new customers [5]. - The company is expanding its retail footprint and focusing on under-penetrated markets like China, which is expected to drive future growth [5][9]. - The introduction of closed-toe shoes, particularly clogs, has increased their sales mix from 16% to 25% year-over-year, showcasing product innovation [18]. Challenges and Considerations - The company faced margin pressures due to manufacturing capacity expansion and one-time inflation bonuses, which contributed to a decline in gross margins to 56.3%, down 320 basis points year-over-year [18]. - Despite these challenges, the overall outlook remains positive, with more growth opportunities than risks identified [9][10].

Key Points Birkenstock Holding plc NYSE: BIRK delivered a stellar earnings report, and BIRK stock continues to soar as the broader market reprices equities in anticipation of higher-for-longer interest rates amidst persistent inflation. Birkenstock Today -0.30 (-0.51%) 52-Week Range $35.83 ▼ $59.48 Price Target $52.37 Add to Watchlist BIRK Birkenstock $58.43 Neither seems to be an issue for the luxury footwear maker known for its iconic sandals. The company reported earnings per share of 44 cents on revenue ...

Group 1 - Birkenstock's shares reached all-time highs following the announcement of strong financial results for Q2 2024, with a stock increase of 12% by market close [1] - The company reported record revenue of 481 million euros (approximately $521 million) in Q2, reflecting a year-over-year growth of 22% [2] - Despite a decline in gross margin to 56% from nearly 60% in the previous year, management anticipates returning to a 60% gross margin in the medium term, which reassured investors [3] Group 2 - Management revised its full-year revenue growth expectation from 17%-18% to 19%, contributing to the stock's surge [4] - Since going public in late 2023, Birkenstock has demonstrated impressive results, with a price-to-sales valuation of about 6, which is considered high for a shoe company, but justified by strong profit margins and ongoing growth [5] - The fastest growth is observed in Asia, the Middle East, and Africa, with a 42% increase in Q2, indicating significant expansion potential as these regions currently represent only 11.5% of the business [6]

Key Takeaways Birkenstock set a record for second-quarter sales as demand for its footwear jumped in all categories and regions. The company's earnings and revenue exceeded forecasts, and it raised its full-year outlook. The news sent Birkenstock shares to an all-time high. Shares of Birkenstock Holding Plc (BIRK) jumped to an all-time high Thursday when the maker of fashion footwear posted record second-quarter revenue and boosted its guidance on strong demand across all its segments. The company known for ...