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Birkenstock beats profit forecast on strong sales

German sandal maker Birkenstock has today beaten third-quarter profit expectations, helped by strong full-price sales of its sandals and shoes, and said it was well placed to manage the impact of the 15% US tariff on European imports.

Business • 14 Aug

Birkenstock makes its products at factories in Germany, which is subject to the US's universal 10% tariff on imports

Birkenstock plans price hikes to offset tariffs

German sandal maker Birkenstock plans to raise prices globally to fully offset the impact of the US tariff of 10% on European Union-made goods, chief financial officer Ivica Krolo said today, as the company's sales beat expectations.

Business • 15 May

Birkenstock has reported fourth-quarter revenue of €455.8m

Birkenstock sales drive fourth-quarter results beat

Birkenstock has beaten market expectations for fourth-quarter results, helped by robust full-price sales of the German footwear maker's pricey sandals in the US and Asia.

Business • 18 Dec 24

Birkestock has been opening more stores in newer markets such as India and Japan amid robust demand globally

Birkenstock misses profit estimates due to expansion plan

Birkenstock has today missed its quarterly profit expectations as the German sandal maker's global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in premarket trading.

Business • 29 Aug 24

Birkenstock's second-quarter revenue rose 21.6% to €481.2m, compared with estimates of €466.1m

Birkenstock boosts annual forecasts on firm demand

Birkenstock has today raised its annual revenue and core profit forecasts, betting on full-price selling and strong demand for its cork-based sandals and newer closed-toe styles mainly at its own stores, sending its shares up 14.3%.

Business • 30 May 24

Birkenstock said its quarterly revenue rose about 22% to €302.9m

Birkenstock's pricey footwear drives Q1 revenue beat

Birkenstock has today surpassed first-quarter revenue expectations as the German sandal maker benefited from the full-price selling of its footwear and rising global demand for more casual cork-based shoes.

Business • 29 Feb 24

Birkenstock said its quarterly revenue rose to €374.54m from £321.61m a year earlier

Birkenstock's fewer discounts power sales beat

Birkenstock has today forecast 2024 revenue above estimates after beating analysts' expectations for fourth-quarter sales on higher pricing and strong demand, in the German luxury sandal maker's first results since going public.

Business • 18 Jan 24

Global IPO activity declines amid shifting landscapes

Global IPO activity declined in volume and value in the last year, an analysis by EY has concluded.

Business • 15 Dec 23

Birkenstock shares have now dropped 18% from its IPO price on Wednesday

Birkenstock loses footing in second day on Wall Street

Shares of Birkenstock dropped another 6% yesterday, deepening losses after the German luxury sandal seller stumbled the day before in its Wall Street debut.

Business • 13 Oct 23

Birkenstock's shares ended more than 12% below its initial IPO price on Wall Street last night

Birkenstock stumbles in underwhelming US market debut

Birkenstock's shares ended more than 12% below its initial public offering (IPO) price last night in an underwhelming Wall Street debut that signaled investors remain cautious about new listings.

Business • 12 Oct 23

Birkenstock the latest shoe IPO to drop in tough market

Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers amid a cost of living crisis, investors and analysts said before it lists on the New York Stock Exchange next week.

Business • 05 Oct 23

Birkenstock is seeking to raise up to $1.58 billion in its initial public offering in New York

Birkenstock aims to raise up to $1.58 billion in US IPO

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said today it was seeking to raise up to $1.58 billion in its initial public offering (IPO) in New York.

Business • 02 Oct 23

Birkenstock is the second big European company to seek a foreign listing this month

Germany's Birkenstock files for IPO in US

German premium footwear brand Birkenstock has filed for an initial public offering in the US, underscoring a pickup in the country's equity markets and becoming the second big European company to seek a foreign listing this month.

Business • 13 Sep 23

Analysts have put the price tag for the Birkenstock deal at around €4 billion

Birkenstock steps into big league with new luxury owner

Germany's comfortable flat sandal maker Birkenstock stepped into the luxury league today, with an LVMH-backed company and the French group's billionaire owner snapping up the iconic brand.

Business • 26 Feb 21

Birkenstock