Birkenstock plc(US:BIRK) Jing Ji Guan Cha Wang·2026-02-12 20:28Core Viewpoint - The company BIRK.US reported strong performance for the fiscal year 2025, with significant growth in both revenue and profit, and announced expansion and capital operation plans for fiscal year 2026 [1]. Financial Performance - For the fiscal year 2025 (ending September 30, 2025), total revenue reached €2.1 billion, representing a year-on-year increase of 16%. Net profit surged by 81.8% to €348.3 million, with diluted earnings per share rising from €1.02 to €1.87. In the fourth quarter, revenue grew by 15.5% to €526.3 million, while profit soared by 78.9% [2]. Operational Status - All business segments, sales channels, and product categories experienced growth. The Asia-Pacific market showed outstanding performance with a revenue increase of 31%. In terms of channels, B2B revenue grew by 30%, while DTC (Direct-to-Consumer) business increased by 11%. Regionally, the Americas, EMEA (Europe, Middle East, and Africa), and Asia-Pacific saw growth rates of 16%, 17%, and 47%, respectively [3]. Business Development - The revenue from closed-toe shoes (such as the Boston series) continued to outpace sandals, with its revenue share increasing to 38% in fiscal year 2025. The company enhanced average selling price (ASP) by 5% at constant exchange rates through product mix optimization and targeted pricing. The full-price sales rate exceeded 90%, indicating strong brand premium capability and market demand [4]. Financial Condition - In the third quarter of fiscal year 2025, gross margin improved by 100 basis points to 60.5%, and EBITDA margin reached 34.4%, marking the highest level in the third quarter's history. The significant profit growth reflects the effectiveness of the company's vertically integrated supply chain in cost control [5]. Project Advancement - The company plans to increase capital expenditure for fiscal year 2026 to €110 million-€130 million (up from €85 million in fiscal year 2025) to expand production capacity. Additionally, the company announced a stock buyback plan of $200 million and aims to continue expanding its global direct retail network, targeting approximately 150 stores by 2027 [6].