Birkenstock Holding PLC
NYSE:BIRK

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Birkenstock Holding PLC Logo
Birkenstock Holding PLC
NYSE:BIRK
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Price: 44.1 USD 2.63% Market Closed
Market Cap: 8.1B USD

Birkenstock Holding PLC
Investor Relations

Birkenstock Holding PLC, a symbol of comfort, craftsmanship, and longstanding tradition, has cemented its position in the global footwear industry through innovation while steadfastly adhering to its heritage. Born in Germany with roots tracing back to 1774, the company is synonymous with its meticulously crafted contoured footbeds that have earned a loyal following over centuries. Birkenstock operates with a straightforward but effective business model: it designs, manufactures, and sells high-quality, ergonomic footwear. The fundamental philosophy revolves around sustainability and precision, using premium materials like cork, natural latex, and jute, which sets the brand apart in a crowded market. This commitment to quality and support for a natural walking experience underpins Birkenstock’s success, ensuring customer loyalty and repeat purchases.

The financial engine of Birkenstock is driven primarily by its retail and wholesale distribution channels, spanning direct-to-consumer online platforms, brand-owned stores, and partnerships with high-end retailers. A pivotal component of its strategy is to capitalize on the growing trend of wellness and comfort in fashion, which has broadened its appeal beyond traditional markets. The company has further diversified its portfolio with lifestyle products, including sleep systems and natural cosmetics, all harmonizing with the brand’s emphasis on well-being. Leveraging its storied heritage, Birkenstock has adeptly navigated economic challenges, balancing tradition with modern sensibilities to generate revenue and sustain growth, while constantly redefining the intersection between footwear, health, and lifestyle.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Aug 14, 2025
AI Summary
Q3 2025

Strong Revenue Growth: Birkenstock reported 16% constant currency revenue growth for Q3, with all regions and channels seeing double-digit gains.

Profitability Records: Gross margin rose to 60.5%, up 100 bps, and EBITDA margin reached a record 34.4%, up 140 bps year-over-year.

FX and Tariffs: Currency headwinds reduced reported revenue growth by 330 bps and margins by 60–70 bps; new EU tariffs are expected to have a manageable impact, mostly offset by pricing and efficiency efforts.

B2B Channel Strength: B2B sales outpaced DTC, benefiting from the ongoing shift to in-person shopping; 90%+ of B2B growth came from existing doors.

Store Expansion: 13 new stores were opened this quarter, with a target of around 100 stores by year-end; new stores deliver higher ASP and units per transaction.

Guidance Maintained: Management expects to hit the high end of the 15–17% constant currency growth target and maintains adjusted EBITDA margin guidance, despite FX headwinds.

Capacity Constraints: Exceptional demand is currently outpacing production capacity, especially in Europe and APAC.

No Demand Slowdown: Management sees no signs of weakening consumer demand, with strong sell-through, particularly in youth and closed-toe categories.

Key Financials
Revenue
EUR 635 million
Gross Margin
60.5%
EBITDA Margin
34.4%
Adjusted EBITDA
EUR 218 million
Adjusted Net Profit
EUR 116 million
Adjusted EPS
EUR 0.62
Cash Flows from Operating Activities
EUR 261 million
Cash and Cash Equivalents
EUR 262 million
Inventory to Sales Ratio
33%
Days Sales Outstanding (DSO)
43
CapEx
EUR 22 million (Q3); on track for EUR 80 million for the year
Net Leverage
1.7x
B2B Revenue Growth
up 18% in constant currency
D2C Revenue Growth
up 12% in constant currency
Americas Revenue Growth
up 16% in constant currency
EMEA Revenue Growth
up 13% in constant currency
APAC Revenue Growth
up 24% in constant currency
Closed-Toe Revenue Share
increased by 400 basis points YoY
Retail Store Count
90 doors (Q3); added 13 new doors this quarter; on track for ~100 stores by year-end
Order Book Realization
Over 90% full price realization
Earnings Call Recording
Other Earnings Calls

Management

Mr. Oliver Reichert
CEO & Director
No Bio Available
Dr. Erik Massmann
Chief Financial Officer
No Bio Available
Volker Bach
Vice President of Global Accounting
No Bio Available
Mr. Mark Jensen
Chief Technical Operations Officer
No Bio Available
Ms. Megan W. Kulick CFA
Director Investor Relations
No Bio Available
Mr. Christian Heesch
Chief Legal Officer
No Bio Available
Mr. Jochen Gutzy
Chief Communications Officer
No Bio Available
Mr. Klaus Baumann
Chief Sales Officer
No Bio Available
Dr. Markus Baum
Chief Product Officer
No Bio Available
Mr. David Kahan
President of Americas
No Bio Available

Contacts

Address
London
1 Berkeley Square
Contacts