Financial Data and Key Metrics Changes - The company reported first quarter revenues of EUR 402 million, representing an 11% increase on a reported basis and an 18% increase in constant currency, exceeding the full year guidance of 13%-15% [12][15] - Adjusted net profit for the first quarter was EUR 49 million, up 47% year-over-year, with adjusted EPS of $0.27, a 50% increase from $0.18 a year ago [18][19] - Gross profit margin for the first quarter was 55.7%, down 460 basis points year-over-year, while adjusted gross profit margin was 57.4%, down 290 basis points [17] Business Line Data and Key Metrics Changes - The B2B segment grew by 24% in constant currency, while DTC (Direct-to-Consumer) grew by 12% [12][18] - The closed-toe share of revenue reached close to 60% during the first quarter, with strong sales in clogs, including the Boston silhouette [14] Market Data and Key Metrics Changes - The Americas segment grew by 14% in constant currency, EMEA by 17%, and APAC by 37% in constant currency [16] - The company is under-penetrated in markets like France, Spain, the UK, and the GCC, indicating strong growth potential in these regions [10] Company Strategy and Development Direction - The company aims for 13%-15% top-line growth in constant currency over the next three years, with a focus on maximizing profitability per pair while protecting brand equity [8][9] - The company plans to double its APAC revenue by 2028, steering growth at double the pace of other segments [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's growth potential, citing a total addressable market that includes every human being, with significant room for growth in established markets [9][28] - The company anticipates significant headwinds from foreign exchange and tariffs in the second quarter, projecting a 700 basis point headwind to revenue growth [21][22] Other Important Information - The company plans to repurchase shares for a total consideration of $200 million during fiscal 2026, subject to market conditions [52] - The company ended the quarter with cash and cash equivalents of EUR 229 million and a net leverage of 1.7 times [19][20] Q&A Session Summary Question: Drivers of durable demand momentum for the brand globally - Management highlighted a long runway for growth, with market penetration below 5% in established markets and strong order books for 2026 [28] Question: Allocation of inventory across channels and geographies - Management stated that inventory is allocated to the most profitable channels and regions to optimize brand strength and margin [33] Question: Seasonal progression of margins across quarters - Management indicated that Q1 and Q2 would experience significant FX headwinds, with expected margin pressure from tariffs [41] Question: SG&A and operational leverage - Management acknowledged the impact of tariffs and FX on margins but emphasized the need to balance margin expansion with reinvestment in the business [45] Question: Product trends for the upcoming season - Management noted strong momentum in elevated styles and open-toe silhouettes, particularly in the APAC region [48]

Financial Data and Key Metrics Changes - The company reported first quarter revenues of EUR 402 million, representing an 11% increase on a reported basis and an 18% increase in constant currency, exceeding the full-year guidance of 13%-15% [12][15] - Adjusted net profit for the first quarter was EUR 49 million, up 47% year-over-year, with adjusted EPS of $0.27, a 50% increase from $0.18 a year ago [18][19] - Gross profit margin for the first quarter was 55.7%, down 460 basis points year-over-year, while adjusted gross profit margin was 57.4%, down 290 basis points [17] Business Line Data and Key Metrics Changes - B2B business grew 24% in constant currency, while DTC (Direct-to-Consumer) grew 12% [12][18] - The closed-toe share of revenue reached close to 60% during the first quarter, indicating strong sales in clogs [14] Market Data and Key Metrics Changes - The Americas segment grew 14% in constant currency, EMEA grew 17%, and APAC grew 37% in constant currency [16] - The company is under-penetrated in markets like France, Spain, the U.K., and the GCC, with significant growth potential in these regions [10] Company Strategy and Development Direction - The company aims for 13%-15% top-line growth in constant currency over the next three years, with a focus on maximizing profitability per pair while protecting brand equity [8][9] - The company plans to double its APAC revenue by 2028, steering growth at double the pace of other segments [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's growth potential, citing a total addressable market that includes every human being [8] - The company anticipates significant headwinds from foreign exchange and tariffs in the second quarter, projecting a 700 basis point headwind to revenue growth [21][22] Other Important Information - The company plans to repurchase shares for a total consideration of $200 million during fiscal 2026, subject to market conditions [52][54] - The company ended the quarter with cash and cash equivalents of EUR 229 million and a net leverage of 1.7x [19][20] Q&A Session Summary Question: Drivers of durable demand momentum for the brand globally - Management highlighted a long runway for growth, with market penetration below 5% in established markets and strong order books for 2026 [27][28] Question: Allocation of inventory across channels and geographies - Management stated that inventory is allocated to the most profitable channels and regions to optimize brand strength and margin [32][33] Question: Seasonal progression of margins across quarters - Management indicated that Q1 and Q2 would experience significant FX headwinds, with expected margin pressure from tariffs [41][42] Question: SG&A leverage and operational efficiency - Management acknowledged the impact of tariffs and FX on margins but emphasized ongoing operational improvements and investments in D2C [45][46] Question: Product trends for the upcoming season - Management noted strong demand for elevated styles in both closed-toe and open-toe sandals, with a focus on higher price segments [47][48] Question: Balance sheet and cash usage - Management confirmed intentions to execute the $200 million share repurchase, emphasizing that the stock is undervalued [52][53] Question: Performance of own retail stores - Management reported high single-digit same-store sales growth and significant year-over-year growth in retail revenue [59][60]

Financial Data and Key Metrics Changes - The company reported first quarter revenues of EUR 402 million, representing an 11% increase on a reported basis and an 18% increase in constant currency, exceeding the annual guidance of 13%-15% [8][11] - Adjusted net profit for the first quarter was EUR 49 million, up 47% year-over-year, with adjusted EPS increasing to $0.27, a 50% rise from $0.18 a year ago [14][15] - Gross profit margin for the first quarter was 55.7%, down 460 basis points year-over-year, while adjusted gross profit margin was 57.4%, down 290 basis points [12][13] Business Line Data and Key Metrics Changes - The B2B segment grew by 24% in constant currency, while DTC (Direct-to-Consumer) grew by 12% [8][12] - The closed-toe share of revenue reached close to 60% during the first quarter, indicating strong sales in clogs and other silhouettes [10] Market Data and Key Metrics Changes - The Americas segment saw a revenue increase of 14% in constant currency, while EMEA grew by 17%, and APAC experienced a significant growth of 37% in constant currency [11] - The company noted substantial growth potential in under-penetrated markets such as France, Spain, the UK, and APAC countries like China and India [7][9] Company Strategy and Development Direction - The company aims for a three-year growth target of 13%-15% in constant currency, with a focus on maximizing profitability per pair while protecting brand equity [5][6] - The strategy includes expanding retail presence, with plans to open 40 new stores in the fiscal year to capture in-person shopping demand [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's growth potential, citing a total addressable market that includes every human being, with significant room for growth in established markets [5][6] - The company anticipates significant headwinds from foreign exchange and tariffs in the second quarter, projecting a revenue growth of 10%-12% for the full year [18][19] Other Important Information - The company plans to repurchase shares worth $200 million during fiscal 2026, subject to market conditions [20][52] - Capital expenditures for the quarter were approximately EUR 38 million, focusing on production capacity and retail investments [16] Q&A Session Summary Question: Drivers of durable demand momentum globally - Management highlighted a long runway for growth, with market penetration below 5% in established markets and strong order books for 2026 [24][25] Question: Inventory allocation strategy - The company allocates inventory to the most profitable channels and regions, ensuring a balanced brand presence [30] Question: First quarter growth and future guidance - Management remains conservative with guidance, noting that Q1 is the smallest quarter and the second half is harder to predict [36][38] Question: SG&A and margin improvement - Management acknowledged the impact of tariffs and FX on margins but emphasized operational improvements and the need to reinvest for sustainable growth [43] Question: Product trends for spring/summer - Management noted strong demand for elevated styles in both closed-toe and open-toe categories, with a focus on higher price segments [45][46] Question: Balance sheet and cash uses - Management indicated a willingness to repurchase shares and noted that insiders have been in a blackout period for most of the year [51][52] Question: Own retail performance metrics - The retail segment is growing rapidly, with same-store sales growth in high single digits and a significant increase in retail's share of DTC revenue [57][58]

Core Insights - Birkenstock experienced strong holiday demand, particularly for clogs, shearling, and closed-toe shoes and boots, but missed analysts' expectations for net sales in Q1 2026, reporting 401.9 million euros instead of the projected 402.1 million euros, marking an 11.1% increase from 361.7 million euros in the same period last year [1] Financial Performance - The company reported a net profit of 50.6 million euros, or 27 cents per diluted share, up from 20.1 million euros, or 11 cents per diluted share, in the same quarter last year [2] - Wholesale revenue grew by 18% in Q1, driven by strong holiday demand and sell-through, primarily from existing doors with an expanded assortment of styles [2] Revenue by Channel - Direct-to-consumer revenue increased by 4% in Q1, with the company adding nine new owned stores, bringing the total to 106 as of December 31 [3] Regional Performance - In the Americas, revenue grew by 5% in Q1, led by the wholesale channel, with one additional owned retail store opened, totaling 15 in the region [4] - EMEA region saw a revenue growth of 16%, also led by wholesale, with three new owned retail stores opened, bringing the total to 45 [5] - APAC region achieved a revenue growth of 28%, with direct-to-consumer growth outpacing wholesale by over two times, supported by both online and own retail, and five new owned retail stores opened, totaling 46 in the region [5] Management Commentary - Oliver Reichert, CEO of Birkenstock, stated that the first quarter results demonstrate the continued strong demand for the brand throughout the holiday season [6]

The shoe company breezes past quarterly earnings estimates and issues a strong outlook for 2026. ...

Forward Looking Statement Investor Presentation 2025 This presentation includes estimates, projections, and statements relating to our business plans, commitments, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regardi ...

Core Viewpoint - Crocs's stock surged as the company reported a return to sales growth during the holiday season, driven by strong international demand for its brand [1] Group 1: Earnings Results - Crocs's fourth-quarter revenue exceeded expectations significantly, attributed to a robust holiday performance of its namesake brand [1] - The Crocs brand experienced a 0.8% increase in sales compared to the previous year, recovering from a 2.5% decline in the prior quarter [1] - Growth in direct sales to consumers helped mitigate a decline in sales to other retailers [1]

BIRKENSTOCK FINANCIAL RESULTS Q1 FY26 February12, 2026 CAUTIONARY STATEMENT REGARDING FORWARD -LOOKING STATEMENTS Certain statements in this presentation (the "Presentation") of Birkenstock Holding plc (together with all of its subsidiaries, the "Company," "Birkenstock," "we," "our," "ours," or "us") may constitute "forward-looking" statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the s ...

Crocs, Inc. Reports Fourth Quarter and Full-Year 2025 Results; Issues First Quarter and Full-Year 2026 Outlook [Accessibility Statement] Skip Navigation- Expects to Deliver Earnings Per Share Growth in Full-Year 2026- Strong Cash Flow Enabled Repurchase of 6.5 Million Shares for $577 Million in 2025- Full-Year 2025 Results Outperform Expectations on Revenue and Earnings Per ShareBROOMFIELD, Colo., Feb. 12, 2026 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for all, ...

Core Viewpoint - Birkenstock Holding plc reported strong financial results for the fiscal first quarter ended December 31, 2025, with revenue growth exceeding expectations due to robust holiday demand across all segments and channels [1] Financial Performance - The company achieved a revenue growth of 11% on a reported basis and 18% in constant currency [1] - This performance surpassed the company's Fiscal 2026 guidance of 13-15% growth in constant currency [1]