2 weeks ago
Birkenstock shares surge 20% on strong Q3, raises forecast
Birkenstock is a very old shoe company from Germany that is famous for comfy sandals.
The company just told everyone how much money it made in the last few months.
It made more money than people expected.
Because of that, people who own its stock got excited and the shares jumped 20%.
The company sells boots, clogs, slippers, and sneakers too, not just sandals.
These styles cost more money, and many people are buying them.
It also makes cheaper plastic shoes that are good for the beach.
The company now thinks it will sell even more shoes this year, so it raised its sales forecast.
Even though its regular profit went down a bit because of some one-time costs, the company is doing very well overall.
Birkenstock shares surged 20% to a three-week high of $46.30 on the NYSE after better-than-expected fiscal Q3 results.
Fiscal Q3 revenue grew 13% year-over-year (15% in constant currency) to €720 million, at the high end of its target.
The company raised its fiscal 2026 revenue growth forecast to 15% on a constant-currency basis, implying up to €2.35 billion in sales.
Net profit fell 15% to €110 million due to €22 million in one-time costs, while adjusted net profit rose 15% to €134 million.
Growth stayed in double digits across regions — Americas 14%, EMEA 15%, APAC 18% — with direct-to-consumer sales outpacing wholesale.
- Who
- Birkenstock Holding, the German footwear company
- What
- Reported better-than-expected fiscal Q3 earnings and raised its full-year revenue growth forecast, sending shares up 20% to a three-week high
- Where
- Traded on the New York Stock Exchange; the company is German
- When
- Fiscal third quarter ended June 2026; results released on Thursday
- Why
- Strong demand for closed-toe sneakers, boots, clogs, slippers and cheaper plastic footwear, plus pricing power and brand loyalty, drove double-digit growth across all regions
Key facts
- Share price reaction
- Up 20% to $46.30, a three-week high on the NYSE
- Q3 revenue
- €720 million, up 13% reported / 15% constant currency year-over-year
- FY2026 revenue forecast
- Raised to 15% constant-currency growth, implying up to €2.35 billion
- Q3 adjusted net profit
- €134 million, up 15%; adjusted EPS €0.74, up 19%
- Q3 net profit
- €110 million, down 15% due to €22 million in one-time costs
- Adjusted EBITDA
- €242 million, up 11%; margin 33.7%, down 70 basis points
- Share repurchase
- €230 million accelerated buyback completed on 30 June 2026, reducing shares by ~6 million
Sources
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