Reported 3 days ago
Birkenstock shares rose after the shoemaker reported better-than-expected fourth-quarter results, closing its first full fiscal year as a public company. The company posted a profit of €52.5 million on revenue of €455.8 million, surpassing analyst predictions. Although profit margins were lower than last year, Birkenstock anticipates improvement as investments in new production capacity take effect, expecting revenue growth of 15% to 17% in fiscal 2025.
Source: YAHOO