Birkenstock (NYSE:BIRK) Announces Earnings Results

Birkenstock (NYSE:BIRK) announced its quarterly earnings results on Thursday. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01), reports. The company had revenue of $821.18 million during the quarter, compared to analyst estimates of $816.95 million. Birkenstock had a net margin of 16.26% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 EPS. 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 Performance

Shares of BIRK stock traded up $4.93 on Thursday, hitting $41.67. 3,333,004 shares of the stock traded hands, compared to its average volume of 2,382,035. The company’s fifty day moving average is $43.13 and its 200 day moving average is $40.08. Birkenstock has a 1-year low of $31.12 and a 1-year high of $53.53. The company has a market capitalization of $7.66 billion, a PE ratio of 18.76, a PEG ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.19.

Analysts Set New Price Targets

BIRK has been the topic of a number of research analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $55.00 target price (down from $60.00) on shares of Birkenstock in a report on Monday, April 27th. Zacks Research downgraded Birkenstock from a “hold” rating to a “strong sell” rating in a report on Monday, August 3rd. Morgan Stanley set a $41.00 price objective on Birkenstock in a research note on Thursday, May 14th. The Goldman Sachs Group reiterated a “buy” rating on shares of Birkenstock in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Birkenstock from $49.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Thirteen investment 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’s stock. According to MarketBeat, Birkenstock presently has a consensus rating of “Moderate Buy” and an average target price of $53.28.

Key Birkenstock News

Here are the key news stories impacting Birkenstock this week:

• Positive Sentiment: Fiscal Q3 revenue rose approximately 13% year over year to €719.5 million, exceeding expectations. The company benefited from resilient full-price demand, particularly among affluent consumers. Birkenstock raises annual revenue forecast on strong demand
• Positive Sentiment: Management raised its full-year revenue guidance to approximately $2.8 billion, above the roughly $2.7 billion analyst consensus, reinforcing the growth outlook. Birkenstock Revenue Beat-and-Raise Fuels Big Gains
• Positive Sentiment: Quarterly revenue reached $821.18 million versus the $816.95 million estimate, while EPS increased from $0.62 a year earlier to approximately $0.85-$0.86. The company reported a 16.26% net margin. Birkenstock quarterly earnings report
• Neutral Sentiment: FY 2026 EPS guidance of $2.22-$2.40 brackets the $2.27 consensus estimate. This represents confidence in continued growth but does not materially exceed current expectations. Birkenstock Q3 2026 earnings call transcript
• Negative Sentiment: EPS narrowly missed estimates: reported figures of $0.85-$0.86 were below consensus expectations of $0.86-$0.87. The modest shortfall was outweighed by the revenue beat and improved sales outlook. Birkenstock Q3 Earnings Lag Estimates
• Negative Sentiment: Unusual options activity saw traders purchase 36,269 put options, 1,388% above average volume, signaling elevated hedging or bearish speculation around the stock.

Insider Buying and Selling

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $42.07, for a total transaction of $2,524,200.00. Following the completion of the sale, the insider owned 61,153 shares in the company, valued at $2,572,706.71. The trade was a 49.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Birkenstock

Institutional investors have recently modified their holdings of the business. State Board of Administration of Florida Retirement System boosted its stake in Birkenstock by 9.0% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 5,110 shares of the company’s stock valued at $209,000 after buying an additional 420 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Birkenstock by 2.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,990 shares of the company’s stock valued at $769,000 after purchasing an additional 460 shares in the last quarter. GW&K Investment Management LLC boosted its position in shares of Birkenstock by 77.4% during the 4th quarter. GW&K Investment Management LLC now owns 1,114 shares of the company’s stock valued at $46,000 after purchasing an additional 486 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Birkenstock by 61.0% during 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. Finally, Quarry LP grew its position in Birkenstock by 99.2% in the third quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after buying an additional 492 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

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.