Birkenstock's High-end Lifestyle Positioning Provides Competitive Edge That Is Difficult To Replicate: Analyst

Telsey Advisory Group analyst Dana Telsey reiterated the Outperform rating on Birkenstock Holding plc BIRK with a price forecast of $70.Yesterday, the company reported fourth-quarter fiscal 2024 results, with revenue growing 22% year over year on a reported and constant currency basis to 456 million euros.The analyst notes that management is observing positive momentum across the entire closed-toe category, ranging from clogs to boots.In the U.S., Birkenstock is experiencing strong demand for clogs, particu ...