Birkenstock plc(US:BIRK) Jing Ji Guan Cha Wang·2026-02-13 17:11Core Viewpoint - The company has outlined its fiscal year 2026 outlook, including revenue targets, capacity expansion plans, stock buybacks, and store openings [1] Group 1: Financial Performance - The company expects revenue growth of up to 15%, reaching a maximum of €2.35 billion, with a gross margin between 57% and 57.5%. Future quarterly reports will focus on the achievement of these targets, particularly the impact of currency fluctuations and a 15% U.S. import tariff, which may reduce gross margin by approximately 100 basis points [2] Group 2: Capacity Expansion - Capital expenditure plans have increased to €110 million to €130 million, up from €85 million in fiscal year 2025. This investment is primarily aimed at enhancing capacity utilization at the Paderborn plant in Germany to alleviate global supply bottlenecks. The ability to realize new capacity before 2027 and support demand will be closely monitored [3] Group 3: Stock and Financial Performance - The company announced a stock buyback program worth $200 million for fiscal year 2026, with the timing and scale of execution dependent on market conditions, which may impact the stock price [4] Group 4: Business Development - The company aims to expand its global direct-operated stores to approximately 150 by 2027, with plans to open 25-30 new stores in the U.S. market. The progress of new store openings and their impact on direct-to-consumer (DTC) sales will be key points of interest [5] Group 5: Operational Status - Revenue from closed-toe shoes, such as the Boston series, accounted for 38% in fiscal year 2025. The sustainability of this growth trend, along with performance in high-growth regions like the Asia-Pacific market, which saw a 31% increase in fiscal year 2025, will require ongoing observation [6]