|
Economy
|
Birkenstock's Remarkable Sales and Profit Surge
2024-08-29 23:55:08
Business
Automotive

Birkenstock's Remarkable Sales and Profit Surge

Image used under license from Shutterstock.com

Birkenstock achieves record sales and profit increase, driven by strong demand for closed shoes. Despite hitting a revenue milestone and profit surge, the company's stock dipped after narrowly missing market expectations.

CEO Reichert remains optimistic, confirming a 19% sales growth and a 30-30.5% adjusted EBITDA margin projection. The expansion of production capacities impacted margins.

Popular closed shoes fueled the success, with clogs leading the way. Analysts view the performance as robust, although investor confidence wavered post-IPO.

The company's ability to combat industry slowdowns faces challenges, signaling a shift in market perception.

The press radar on this topic:

focus
29. August 2024 um 12:10

Shoe manufacturer - Birkenstock increases sales and profits, but the stock declines

Economy
Finance
Birkenstock, a shoe manufacturer headquartered in Linz am Rhein, Rhineland-Palatinate, which went public in New York in October 2023, recorded record sales and a jump in profits in the 3rd quarter. Closed shoes were particularly in demand. However, the company missed the market expectations slightly, according to Bernstein analyst Luca Solca, which led to a decline in the share price. CEO Oliver Reichert confirmed the annual forecast of 19% sales growth and an adjusted EBITDA margin of 30-30.5%..
Frankfurter Rundschau
29. August 2024 um 12:05

Birkenstock increases sales and profits

Economy
Finance
Birkenstock, a shoe manufacturer, reports a jump in profits and a sales record. Despite this positive development, the stock plummets by double digits, as the company has only confirmed expectations for the current year.
Tagesspiegel
29. August 2024 um 12:05

Shoe manufacturer: Birkenstock increases sales and profits

Economy
Finance
Birkenstock achieved record sales of 565 million euros; Profit increased to 75 million euros; The CEO confirmed the annual forecast of 19% sales growth and a 30-30.5% adjusted EBITDA margin; Expansion of production capacities burdened the margin; The figures narrowly missed market expectations; The stock lost 11% after the IPO in the USA, which previously brought a 32% price increase; Closed shoes were particularly in demand; Analyst Luca Solca described the figures as "robust".
tz
29. August 2024 um 12:05

Birkenstock Increases Sales and Profits

Economy
Finance
Birkenstock achieves record sales and profit jump, driven by strong demand for closed shoes; CEO Reichert sees potential.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact