Birkenstock Holding plc (BIRK) Reports First-Quarter Revenue of EUR 401.9 Million, Up from EUR 361.72 Million

Core Insights - Birkenstock Holding plc (NYSE:BIRK) is recognized as one of the 12 Best Consumer Stocks to Buy according to Wall Street [1] Financial Performance - For the first quarter, Birkenstock reported revenue of EUR 401.9 million, an increase from EUR 361.72 million year-over-year, indicating strong demand during the holiday season [2][8] - The company aims for a three-year plan targeting 13–15% constant currency revenue growth and EBITDA margins above 30% [2] Management Commentary - CEO Oliver Reichert described Birkenstock as a purpose-driven brand with significant growth potential and emphasized the importance of a vertically integrated supply chain [2] - Management plans to optimize profit per pair while maintaining brand equity by focusing on geography, channel, and product [2] Analyst Sentiment - Williams Trading upgraded Birkenstock to Buy from Hold with a price target of $49, citing valuation as the basis for the upgrade [3] - Goldman Sachs analyst Louise Singlehurst lowered her price target to $59 from $62.80 but maintained a Buy rating, highlighting strong momentum and attractive valuation [4]