Birkenstock Raises Annual Revenue Growth Forecast to 15%

Birkenstock Holding Plc raised its sales forecast to the upper limit of its target range, now expecting constant-currency revenue growth of 15% for the fiscal year ending in September. This projection suggests potential revenue of up to €2.35 billion.

For the quarter ending in June, the company reported constant-currency sales of €720 million. Growth was distributed globally, with the Asia-Pacific region leading at 23%, followed by Europe, Middle East and Africa at 15%, and the Americas at 14%. While the adjusted gross profit margin reached 59.2%, the company noted that currency fluctuations and U.S. trade tariffs limited higher margin potential.

Chief Executive Officer Oliver Reichert is directing a growth strategy focused on selective distribution and production based in Germany. In addition to the financial updates, the company repurchased €230 million of its shares in June and appointed a new independent board member to replace Alexandre Arnault, who resigned from the board due to other commitments.