Birkenstock Stock Rises as Shoemaker Sees Margins Improving

Key TakeawaysBirkenstock reported fourth-quarter results above expectations Wednesday morning as the shoemaker closed out its first full fiscal year as a public company.Birkenstock's profit margins came in lower than last year.The company said it expects gross profit margins to improve over the next year as its recent investments into new production capacity pay off. Birkenstock Holdings (BIRK) posted better fourth-quarter results than analysts had expected Wednesday and outlined its expectations for its se ...