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.
Birkenstock Holding plc (NYSE: BIRK) is the parent company of the Birkenstock Group, which describes BIRKENSTOCK as a global brand dedicated to encouraging proper foot health. With roots in shoemaking dating back to 1774 and a focus on the biomechanics of the human foot, the company regularly issues detailed updates on its performance and operations, making its news flow relevant for investors and followers of the footwear manufacturing and lifestyle sectors.
News about BIRKENSTOCK often centers on financial results and outlook, including quarterly and full-year earnings, constant currency revenue growth and margin trends. The company frequently uses Form 6-K filings to furnish press releases that discuss revenue development across its Americas, EMEA and APAC segments, as well as performance in its B2B and direct-to-consumer channels.
In addition to earnings, BIRKENSTOCK’s news coverage includes strategic initiatives such as the acquisition of its long-standing distributor Birkenstock Australia Pty. Ltd. and the purchase of a production facility in Germany to expand manufacturing capacity. These announcements provide insight into how the company is investing in key markets and scaling its vertically integrated production base.
Product and brand news also feature in the company’s communications. For example, BIRKENSTOCK has highlighted the expansion of its CARE ESSENTIALS natural cosmetics line from foot care into a full body care range, reflecting its broader positioning as a lifestyle brand with products in footwear, sleep systems and natural cosmetics.
Investors and brand watchers visiting this page can review a stream of such press releases and related coverage, including preliminary revenue updates, guidance commentary, capacity investments and category expansions, to understand how BIRKENSTOCK is developing its brand and operations over time.
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.
Birkenstock Holding plc (NYSE:BIRK) announces that senior management will participate in two investor conferences in June 2024. The first is the Baird Global Consumer, Technology & Services Conference on June 5th in New York City, where they will present at 12:50 p.m. Eastern Time. The second is the 4th Annual Evercore ISI Consumer & Retail Conference on June 12th, held virtually, with a presentation at 11:45 a.m. Eastern Time. Interested parties should contact the respective banks to attend. Presentation materials will be available on the company's investor relations website.
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