Birkenstock (NYSE:BIRK) Issues Quarterly Earnings Results

Birkenstock (NYSE:BIRK) announced its earnings results on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01), reports. The firm had revenue of $821.18 million for 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%. Birkenstock’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. 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 Up 13.4%

NYSE BIRK traded up $4.93 on Thursday, reaching $41.67. The stock had a trading volume of 3,333,004 shares, compared to its average volume of 2,382,035. The company has a current ratio of 2.95, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. Birkenstock has a 1 year low of $31.12 and a 1 year high of $53.53. The business has a 50 day moving average price of $43.13 and a 200 day moving average price of $40.08. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.57 and a beta of 1.30.

Insider Buying and Selling at Birkenstock

In related news, insider Mehdi Nico Bouyakhf sold 60,000 shares of Birkenstock stock in a transaction on 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 owned 61,153 shares of the company’s stock, valued at approximately $2,572,706.71. The trade was a 49.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Birkenstock

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Birkenstock by 61.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock worth $126,534,000 after purchasing an additional 1,181,919 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Birkenstock by 0.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,950,380 shares of the company’s stock worth $120,672,000 after buying an additional 25,585 shares during the period. Morgan Stanley boosted its holdings in shares of Birkenstock by 25.1% during the 4th quarter. Morgan Stanley now owns 2,797,719 shares of the company’s stock worth $114,427,000 after buying an additional 562,188 shares during the period. Holocene Advisors LP grew its stake in Birkenstock by 239.3% in the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock valued at $85,984,000 after buying an additional 1,233,085 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Birkenstock by 65.8% in the 2nd quarter. Bank of America Corp DE now owns 1,353,585 shares of the company’s stock worth $66,569,000 after acquiring an additional 537,090 shares during the period. Institutional investors own 19.93% of the company’s stock.

Analyst Upgrades and Downgrades

BIRK has been the topic of a number of research analyst reports. Weiss Ratings upgraded Birkenstock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Telsey Advisory Group decreased their price objective on Birkenstock from $60.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Seaport Research Partners cut Birkenstock from a “buy” rating to a “neutral” rating in a research note on Monday, July 20th. 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. Finally, UBS Group decreased their price target on shares of Birkenstock from $77.00 to $76.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Birkenstock has an average rating of “Moderate Buy” and an average price target of $53.28.

Key Stories Impacting Birkenstock

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.

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.