Birkenstock (NYSE:BIRK) Posts Earnings Results

Birkenstock (NYSE:BIRK) posted its quarterly earnings results on Thursday. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02), Zacks reports. Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The company had revenue of $834.65 million during the quarter, compared to analyst estimates of $827.39 million. During the same period last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Birkenstock updated its FY 2026 guidance to 2.220-2.400 EPS.

Here are the key takeaways from Birkenstock’s conference call:

• Birkenstock raised its fiscal 2026 outlook, now expecting 15% constant-currency revenue growth and adjusted EBITDA of at least €710 million, following Q3 revenue growth of 15% constant currency and adjusted EBITDA growth of 11%.
• Growth broadened across channels and regions: D2C accelerated to 16%, owned-retail revenue rose 50%, APAC grew 23% overall and nearly 30% excluding Australia timing effects, while China increased more than 50%.
• Product innovation and expanded usage occasions are supporting demand, with non-Boston closed-toe executions up more than 50%, Naples units increasing more than fourfold, and sandals still growing at a mid- to high-single-digit rate.
• Reported profitability was pressured by foreign exchange, U.S. tariffs, and higher freight costs; adjusted gross margin declined 130 basis points year over year, although it improved 10 basis points excluding those effects.
• The full-year tax-rate outlook increased to 30%-31% from 26%-28% because of nondeductible costs tied to the share repurchase and refinancing, leaving adjusted EPS guidance unchanged at €1.90-€2.05 despite the higher EBITDA outlook.

Birkenstock Stock Down 2.8%

Shares of NYSE BIRK traded down $1.10 during mid-day trading on Monday, reaching $38.25. 1,524,651 shares of the company’s stock traded hands, compared to its average volume of 2,467,496. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09. The business has a 50-day simple moving average of $43.04 and a 200 day simple moving average of $40.09. The stock has a market cap of $7.04 billion, a P/E ratio of 17.90, a PEG ratio of 1.58 and a beta of 1.30. Birkenstock has a 1-year low of $31.12 and a 1-year high of $53.53.

Insider Activity

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $42.07, for a total value of $2,524,200.00. Following the completion of the sale, the insider directly owned 61,153 shares of the company’s stock, valued at approximately $2,572,706.71. This represents a 49.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BIRK. Morse Asset Management Inc bought a new stake in Birkenstock in the third quarter worth about $28,000. Quarry LP grew its position in shares of Birkenstock by 99.2% during the 3rd quarter. Quarry LP now owns 988 shares of the company’s stock valued at $45,000 after acquiring an additional 492 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Birkenstock during the 4th quarter worth approximately $42,000. GW&K Investment Management LLC raised its holdings in shares of Birkenstock by 77.4% in the 4th quarter. GW&K Investment Management LLC now owns 1,114 shares of the company’s stock worth $46,000 after purchasing an additional 486 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after purchasing an additional 488 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BIRK shares. William Blair downgraded shares of Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 price target for the company. in a report on Monday, August 3rd. Zacks Research cut shares of Birkenstock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Raymond James Financial began coverage on shares of Birkenstock in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target for the company. Williams Trading cut shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Guggenheim restated a “buy” rating and issued a $60.00 price objective on shares of Birkenstock in a report on Friday. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Birkenstock presently has a consensus rating of “Moderate Buy” and an average price target of $53.91.

Birkenstock Company Profile

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.