Core Insights - Birkenstock Holding plc reported fiscal 2025 results with revenue growth exceeding guidance, but shares fell over 9% on the announcement [1] Financial Performance - Fiscal 2025 revenue rose 16% to €2.1 billion, surpassing guidance of 15% to 17%, driven by strong consumer demand across all regions, channels, and product categories [2] - Net profit increased 82% year over year to €348 million, with earnings per share climbing 83% to €1.87 from €1.02 [3] - Adjusted EBITDA margin reached 31.8%, landing at the top end of guidance despite a 70-basis-point headwind from currency translation and tariffs [2] Geographic and Channel Growth - Double-digit revenue growth was recorded across all geographic regions: Americas up 15% (18% in constant currency), EMEA rising 14%, and APAC delivering the strongest growth at 31% (34% in constant currency) [3] - The B2B channel expanded 20%, while direct-to-consumer revenue increased 11% [4] Product Performance and Expansion - Closed-toe footwear outperformed sandals, with its share of total revenue rising by 500 basis points to 38% [4] - Birkenstock opened 30 new retail stores during fiscal 2025, bringing the global total to 97 locations [4] - Capital expenditures totaled approximately €85 million, primarily aimed at expanding production capacity [4] Future Projections - For fiscal 2026, Birkenstock projected constant-currency revenue growth of 13% to 15%, translating to reported revenue of €2.30 billion to €2.35 billion [5] - The company expects adjusted EBITDA of at least €700 million and plans to open around 40 new retail stores worldwide [5]

Core Insights - The S&P 500 is perceived as expensive and may be poised for a correction as 2025 ends, prompting a need for portfolio repositioning for a potential market rotation in 2026 [1] Group 1: Market Outlook - The focus is on preparing for a possible market rotation in 2026, indicating a strategic shift in investment approaches [1] Group 2: Analyst Background - Gary Alexander has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into current industry themes [1] - He has been a contributor to Seeking Alpha since 2017 and has been quoted in various web publications, indicating his influence and reach in the investment community [1]

Core Insights - Birkenstock Holding plc is a well-established footwear company known for its sandals and has a global presence in various markets [1] Financial Performance - The company has surpassed Wall Street expectations for its fourth-quarter revenue, driven by strong demand for sandals and clogs, particularly among affluent shoppers during the holiday season [3] - Birkenstock has raised its revenue outlook for fiscal 2025 to at least €2.09 billion, representing a growth of 15.9% on a reported basis, which has boosted investor confidence [4][6] Market Sentiment - The consensus price target for Birkenstock has decreased from $71.43 to $60, indicating a more conservative outlook from analysts [2][6] - Despite the downward trend in price targets, analyst Simeon Siegel from BMO Capital has maintained a price target of $60 [2] Valuation and Growth Potential - Birkenstock's valuation is considered attractive, with single-digit EV/EBITDA multiples, presenting a compelling entry point for investors [5] - The company's growth is supported by style expansion and increased demand in the Asian market [5]

Shares in Birkenstock plunged 9% Thursday after the German shoe retailer warned tariffs will likely weigh heavily on its profit margins.The company – known for its chunky cork sandals – said it expects its annual gross margins will drop by a full percentage point due to US tariffs in the new fiscal year, which runs through Sept. 30, 2026.It expects adjusted earnings before interest, taxes, depreciation and amortization of at least 700 million euros, or roughly $821.8 million, with a margin of 30% to 30.5% – ...

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LONDON, UK / ACCESS Newswire / December 18, 2025 / Birkenstock Holding plc (together with its subsidiaries, "BIRKENSTOCK", the "Company" or "we") (NYSE:BIRK) today announces financial results for the fourth quarter and fiscal year ended September 30, 2025. The Company reports fiscal 2025 revenue growth of 16% and 18% on a constant currency basis, ahead of the Company's guidance of 15-17%, driven by strong consumer demand across all segments, channels and categories. ...

Financial Data and Key Metrics Changes - The company reported full-year revenue growth of 18% in constant currency, reaching EUR 2.1 billion, exceeding the initial guidance of 15%-17% [8][15] - Gross margin increased by 30 basis points to 59.1%, while adjusted EBITDA margin rose by 100 basis points to 31.8% [9][18] - Adjusted net profit for the fourth quarter was EUR 94 million, up 71% year over year, with adjusted EPS of EUR 1.85 for the full year, up 45% from fiscal 2024 [18][19] Business Line Data and Key Metrics Changes - The Americas segment grew by 18% in constant currency, EMEA by 14%, and APAC by 34% [15][16] - B2B channel revenue increased by 21%, while D2C grew by 12% in constant currency [16] - Closed-toe share of revenue increased by 500 basis points year over year to 38% [11] Market Data and Key Metrics Changes - The company sold over 38 million pairs in fiscal 2025, up over 12%, with an average selling price (ASP) increase of 5% in constant currency [9][10] - The APAC segment now accounts for 11% of global revenue, with the highest ASP [11] Company Strategy and Development Direction - The company plans to open about 40 new stores in 2026, aiming for a total of 150 stores ahead of schedule [10][24] - Focus on maintaining brand scarcity and managing distribution tightly to support full-price realization, which remains over 90% [10][12] - The company is investing in production capacity and innovation to meet growing demand, particularly in the APAC market [12][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth despite challenges from FX and tariffs, expecting a slower revenue growth of 13%-15% in fiscal 2026 [20][22] - The company highlighted strong demand across all segments, particularly from younger consumers in the B2B channel [30][49] - Management noted that production capacity constraints are the primary limitation to growth, not demand [31][60] Other Important Information - The company repurchased shares totaling EUR 176 million and reduced net leverage from 1.8x to 1.5x [19][20] - Capital expenditures for fiscal 2026 are expected to be between EUR 110 million and EUR 130 million [24] Q&A Session Summary Question: What is driving the more conservative view for 2026? - Management indicated that while demand remains strong, production capacity constraints are the main limitation to growth [30] Question: Can you elaborate on the margin outlook for 2026? - Management explained that FX and tariffs will significantly impact margins, with a total drag of about 200 basis points expected [39][40] Question: How do you see channel growth in 2026? - Management expects B2B to continue outpacing D2C growth, driven by strong demand from younger demographics [49] Question: What are the expectations for consumer demand in the EU? - Management reported strong growth in EMEA, particularly in closed-toe products, and expects continued positive trends in Q1 [57][58] Question: How will the new stores be located and what is the strategy for DTC? - The company plans to open stores in key cities and aims to enhance the DTC channel through targeted membership benefits and loyalty programs [78][80]

Birkenstock (NYSE:BIRK) Q4 2025 Earnings Call December 18, 2025 08:00 AM ET Speaker0Good morning, and thank you for standing by. Welcome to the Birkenstock Quarter and Fiscal 2025 earnings conference call. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. If you would like to ask a question, please raise your hand. If you have dialed into today's call, please press star nine to raise your hand and star six to unmute. The compan ...

分组1 - Birkenstock reported quarterly earnings of $0.6 per share, exceeding the Zacks Consensus Estimate of $0.4 per share, and showing an increase from $0.32 per share a year ago, representing an earnings surprise of +50.00% [1] - The company achieved revenues of $615.25 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.41%, and up from $500.9 million year-over-year [2] - Birkenstock has outperformed consensus EPS estimates in all four of the last quarters and has topped revenue estimates two times in the same period [2] 分组2 - The stock has underperformed the market, losing about 18.1% since the beginning of the year, while the S&P 500 gained 14.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.29 on revenues of $463.6 million, and for the current fiscal year, it is $2.30 on revenues of $2.75 billion [7] - The Shoes and Retail Apparel industry, to which Birkenstock belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Summary of Key Points Core Viewpoint - U.S. stock futures are showing positive movement, with Dow futures increasing by approximately 100 points. However, Birkenstock Holding PLC's shares experienced a significant decline in pre-market trading despite reporting better-than-expected earnings and sales figures. Company Performance - Birkenstock reported fourth-quarter earnings of $0.60 per share, surpassing the analyst consensus estimate of $0.40 per share. The company's quarterly sales reached $615.404 million, exceeding the consensus estimate of $606.670 million [1]. - For FY2026, Birkenstock anticipates adjusted EPS in the range of $2.22 to $2.40, slightly below the market estimate of $2.30. The projected sales for the same period are between $2.689 billion and $2.747 billion, compared to expectations of $2.750 billion [2]. Market Reactions - Following the earnings report, Birkenstock shares fell by 10.6% to $41.50 in pre-market trading [2]. - Other companies also experienced declines in pre-market trading, including Insmed Inc, which dropped 20.1% after halting its Brensocatib CRSsNP program, and DBV Technologies SA, which fell 12.6% despite a previous surge [3].