Birkenstock (NYSE:BIRK) 2026 Capital Markets Day Summary Company Overview - **Company**: Birkenstock Holding - **Event**: 2026 Capital Markets Day - **Date**: January 28, 2026 - **Key Speaker**: Oliver Reichert, CEO Core Industry Insights - **Footwear Industry**: Birkenstock positions itself not merely as a footwear brand but as the inventor of the footbed, emphasizing its orthopedic medical asset nature [6][5] - **Market Position**: The company has delivered 72 million pairs of footbeds since its IPO, with a total of approximately 360 million footbeds delivered since the CEO's tenure began [6][7] Financial Performance - **Growth Metrics**: - Revenue growth of 41% and EBITDA growth of 38% since IPO [9] - Q1 2026 revenue reached EUR 402 million, reflecting an 18% growth in constant currency and 11% in reported growth [20][21] - EPS increased by 50% year-over-year to $0.27 [23] - **Margin Analysis**: - Adjusted gross margin at 57.4%, down 290 basis points due to FX and tariff pressures [22] - Adjusted EBITDA margin at 26.5%, down 170 basis points year-over-year [22] Strategic Growth Areas - **Geographic Expansion**: - Significant growth in the APAC region, with a 37% increase in constant currency [24] - Doubling of business in APAC and own retail since IPO [11] - **Product Diversification**: - Closed-toe shoe business now accounts for 38% of total business [11] - Focus on expanding the retail footprint with plans to open 30 more stores [62] Market Dynamics - **Consumer Behavior**: - Shift towards in-store purchases, especially among younger consumers, who are new to the brand [28][49] - The average Birkenstock consumer owns 3.6 pairs, indicating potential for growth among new customers [50] - **B2B vs. DTC**: - B2B channel grew 24% in constant currency, while DTC grew 12% [24] - B2B is seen as an efficient way to acquire new consumers, leveraging retail partners for marketing [29] Future Outlook - **Revenue Growth Guidance**: - Projected revenue growth of 13%-15% in constant currency for the next three years [32] - EPS growth expected to be around 15%-17% in constant currencies [32] - **Capacity and Investment**: - Commitment to maintain 30%+ EBITDA margins despite increased tariffs and FX impacts [33] - Plans for continued investment in manufacturing and retail expansion, alongside share buybacks of $200 million per year [34][35] Additional Insights - **Market Comparisons**: - Birkenstock compares itself to brands like Nike, Lululemon, and Hermès, emphasizing its unique market position and high margins [10] - **Operational Resilience**: - The company has shown resilience amidst market challenges, with minimal impact from external pressures compared to competitors [17] This summary encapsulates the key points from the Birkenstock Capital Markets Day, highlighting the company's strategic direction, financial performance, and market positioning.

CAPITAL MARKETS DAY NYC JANUARY 28, 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 safe harbor prov ...

Core Viewpoint - Birkenstock Holding plc has reaffirmed its outlook and projected stronger-than-expected revenue for fiscal 2025, despite missing revenue forecasts in the third quarter [1][2]. Financial Performance - The company expects to generate at least 2.09 billion euros (~$2.25 billion) in fiscal 2025 revenue, exceeding its previous guidance [3]. - For the fourth quarter, Birkenstock projects sales of at least 520 million euros, reflecting a 14% increase on a reported basis and an 18% increase in constant currency [4]. - The adjusted EBITDA margin forecast remains stable at 31.3% to 31.8% [4]. Strategic Developments - Birkenstock has signed an agreement to acquire a production and logistics facility near Dresden for 18 million euros, which spans 78,000 square meters of developed space and an additional 80,000 square meters of land [5]. - The acquisition is part of the company's strategy to expand production capacity across Europe and is expected to be operational by fiscal 2027 [5][6]. Market Reaction - Following the positive guidance, Birkenstock shares traded higher, increasing by 4.76% to $47.50 in premarket trading [6].