Welcome to our dedicated page for Birkenstock Holding PLC news (Ticker: BIRK), a resource for investors and traders seeking the latest updates and insights on Birkenstock Holding PLC stock.
About Birkenstock Holding PLC
Birkenstock Holding PLC (NYSE: BIRK) is a globally recognized footwear and lifestyle company with a heritage rooted in innovative craftsmanship and a commitment to foot health. Established in 1774, Birkenstock is credited as the inventor of the iconic footbed, a product that has revolutionized the way people approach comfort and support in footwear. The company operates across diverse segments, offering sandals, closed-toe shoes, and complementary products such as skincare and accessories, catering to men, women, and children.
Business Model and Revenue Streams
Birkenstock's business model is anchored in two primary revenue streams: Business-to-Business (B2B) and Direct-to-Consumer (DTC). The B2B channel involves partnerships with third-party retailers, enabling the brand to reach a broad audience through established wholesale networks. The DTC channel, which includes the company's e-commerce platform and owned retail stores, allows Birkenstock to engage directly with consumers, offering a curated shopping experience and fostering brand loyalty. This dual-channel strategy ensures a balanced and resilient revenue structure.
Global Footprint and Market Presence
Birkenstock operates across key geographic regions, including the Americas, Europe, and the Asia Pacific, Middle East, and Africa (APMA). The Americas represent a significant revenue-generating segment, driven by strong consumer demand and strategic wholesale partnerships. In Europe, the brand continues to achieve market-leading growth, leveraging its deep-rooted heritage and premium positioning. The APMA region is an emerging growth area, with the company expanding its footprint through mono-brand stores and tailored product offerings to meet diverse consumer preferences.
Product Innovation and Differentiation
Function, quality, and tradition define Birkenstock's product philosophy. The company is renowned for its timeless designs that transcend fashion trends while addressing the growing demand for conscious and active lifestyles. Its product portfolio spans entry-level to luxury price points, appealing to a wide demographic. Notably, Birkenstock's closed-toe silhouettes and professional footwear lines have gained traction, reflecting the brand's ability to adapt to evolving market needs.
Commitment to Sustainability and Foot Health
Birkenstock's brand ethos is deeply rooted in sustainability and promoting foot health. Its products are designed with a focus on biomechanics, ensuring optimal comfort and support. Additionally, the company integrates environmentally conscious practices across its operations, reinforcing its position as a purpose-driven brand that resonates with modern consumers.
Competitive Landscape and Strategic Positioning
In a highly competitive footwear market, Birkenstock distinguishes itself through its heritage, engineered distribution model, and emphasis on quality and functionality. Its ability to balance tradition with innovation has enabled the brand to maintain relevance across generations. By strategically expanding its product categories and geographic reach, Birkenstock continues to capture untapped market opportunities while fostering sustainable growth.
Conclusion
Birkenstock Holding PLC exemplifies a unique blend of tradition and modernity, offering products that combine timeless design with unparalleled comfort. As a global lifestyle brand with a strong commitment to sustainability and foot health, Birkenstock is well-positioned to navigate the evolving consumer landscape and deliver long-term value to its stakeholders.
Birkenstock (NYSE:BIRK) reports strong Q1 FY2025 results with revenue up 19% to EUR 362 million, driven by robust holiday demand across all segments. The company achieved significant growth across regions: Americas (+16%), EMEA (+17%), and APAC (+47%). B2B revenue increased by 30%, while DTC revenue grew by 11%.
Key financial metrics include: Net profit of EUR 20 million (up from EUR -7 million loss), EPS of EUR 0.11, Adjusted EBITDA of EUR 102 million (+25% YoY), and gross profit margin of 60.3% (down 70 basis points). The company opened four new stores, bringing total owned retail locations to 71.
Birkenstock confirms its FY2025 guidance with expected revenue growth of 15-17% in constant currency and Adjusted EBITDA margin of 30.8-31.3%. The company maintains strong liquidity with EUR 299 million in cash and cash equivalents, with net leverage at 1.9x as of December 31, 2024.
Birkenstock (NYSE:BIRK) has announced the appointment of Ivica Krolo as Chief Financial Officer, effective February 1, 2025. Krolo will succeed Dr. Erik Massmann, who will step down on January 31, 2025. Both executives will jointly present Q1 2025 financial results during the February 20, 2025 conference call.
Krolo joins from EMH Partners, where he served as Partner and CFO since 2015. His background includes positions at PricewaterhouseCoopers and Mazars, with expertise in auditing, finance, and taxation. The company confirms no changes to its goals and reiterates its FY 2025 guidance announced on December 18, 2024.
CEO Oliver Reichert praised Krolo's experience and operational expertise, while acknowledging Massmann's contributions during the company's IPO preparation and capital market communications.
Birkenstock (NYSE:BIRK) has announced it will release its fiscal first quarter 2025 financial results (for the period ended December 31, 2024) on Thursday, February 20, 2025, before US market opening. The company will host a conference call and live webcast at 8:00 a.m. Eastern Time on the same day.
Investors can access the webcast through the company's Investor Relations website. For phone participation, US callers should dial 1-888-506-0062, while international callers can use 1-973-528-0011, with access code 520545.
Additionally, Birkenstock will participate in the 27th Annual ICR Conference from January 13-15th, 2025, in Orlando, FL. Alexander Hoff, Vice President of Global Finance, and Megan Kulick, Director of Investor Relations, will represent the company.
Birkenstock (NYSE:BIRK) reported strong fiscal 2024 results with revenue reaching EUR 1.8 billion, representing 21% growth (22% constant currency), exceeding guidance of 20%. The company achieved double-digit growth across all segments: Americas (19%), Europe (21%), and APMA (42%).
Key financial highlights include: Adjusted EBITDA of EUR 555 million (+15% YoY) with a margin of 30.8%, net profit of EUR 192 million (+155% YoY), and EPS of EUR 1.02 (+149% YoY). Gross profit margin decreased to 58.8% due to production capacity expansion and channel mix shifts.
For fiscal 2025, Birkenstock projects revenue growth of 15-17% in constant currency and targets an Adjusted EBITDA margin of 30.8-31.3%. The company plans approximately EUR 80 million in capital expenditures and aims for a net leverage ratio of 1.5x.
Birkenstock (NYSE:BIRK) has scheduled its fourth quarter and full fiscal year 2024 financial results announcement for December 18, 2024, before US market open. The company will host a conference call and live webcast at 8:00 a.m. Eastern Time on the same day. Investors can access the webcast through Birkenstock's Investor Relations website, or join via phone using specific dial-in numbers for US and International participants. A replay of the call will be available afterward with provided access codes.
Birkenstock Holding plc (NYSE:BIRK) has announced its participation in three upcoming investor conferences in September 2024. The company's senior management will be present at the Goldman Sachs Global Retailing Conference in New York City on September 5th, the J.P. Morgan 15th Annual U.S. All-Stars Conference in London on September 17th, and the UBS Athletic Training and Lifestyle Innovation Day and 5K in Boston on September 25th.
Investors interested in attending these events should contact their representatives at the respective banks. Presentation materials will be made available on the Investor Relations section of Birkenstock's website.
Birkenstock (NYSE:BIRK) reports record third quarter revenue of EUR 565 million for fiscal 2024, up 19% year-over-year. The company saw strong growth across all segments: Americas (+15%), Europe (+19%), and APMA (+41%). B2B revenue grew 23%, while DTC revenue increased 14%. Despite the growth, gross profit margin decreased to 59.5% from 61.7% due to production capacity expansion and increased B2B share. Net profit rose 18% to EUR 75 million, with EPS up 15% to EUR 0.40. The company confirms its fiscal 2024 guidance for 20% revenue growth and an Adjusted EBITDA margin of 30-30.5%. Birkenstock continues to invest in production capacity and retail expansion, opening 7 new owned stores in Q3.
Birkenstock Holding plc (NYSE:BIRK) has announced the date for its third quarter 2024 financial results release and conference call. The company will report its results for the quarter ended June 30, 2024, on Thursday, August 29, 2024, before the US market opens. A conference call and live webcast with the investment community will be held at 8:00 a.m. Eastern Time on the same day.
Investors can access the webcast through the company's Investor Relations website. For those joining via phone, the dial-in numbers are 1-888-506-0062 (US) and 1-973-528-0011 (International), with access code 344410. A replay will be available after the call, accessible by dialing 1-877-481-4010 (US) or 1-919-882-2331 (International), using access code 50923. An archive of the webcast will also be available on Birkenstock's Investor Relations website.
Birkenstock Holding announced the pricing of a $756 million secondary offering comprising 14,000,000 ordinary shares at $54.00 per share. The shares are being sold by BK LC Lux MidCo S.à r.l., affiliated with L Catterton, not by Birkenstock itself. The Selling Shareholder has given underwriters a 30-day option to buy an additional 2,100,000 shares. The offering's closing is expected on June 28, 2024, subject to customary conditions. Goldman Sachs and J.P. Morgan are leading the offering, with other major financial institutions participating. Birkenstock will not receive any proceeds from this sale.
Birkenstock Holding plc (NYSE:BIRK) announced the start of a secondary public offering of 14,000,000 ordinary shares. The shares are being sold by BK LC Lux MidCo S.à r.l., affiliated with L Catterton, and not by Birkenstock itself. The selling shareholder has sole voting power over 9,880,814 shares and shared power over 4,119,186 shares with Birkenstock's executives and employees. An option to purchase an additional 2,100,000 shares within 30 days has been granted to underwriters. Post-offering, the selling shareholder will hold 73.2% of Birkenstock’s outstanding shares. The net proceeds will primarily be used by executives and employees to pay taxes and loans related to the IPO and this offering. Goldman Sachs and J.P. Morgan are acting as lead book-running managers. The offering is subject to market conditions.
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