Here's Why Birkenstock Stock Jumped Up Today

Shares of sandal company Birkenstock (BIRK 5.57%) jumped on Wednesday after the company reported its financial results for its fiscal fourth quarter of 2024, capping off a strong year of growth and profitability. As of 9:45 a.m. ET, Birkenstock stock was up 7% but it had been up as much as 12% earlier in the day.One of the market's oldest companies just keeps growingBirkenstock had a great fiscal 2024. The fiscal year ended on Sept. 30 and during those 12 months, revenue jumped by 21% from its fiscal 2023. ...