Tag: $Birkenstock

Birkenstock (BIRK) on Monday reported first-quarter preliminary revenue below Wall Street expectations as consumers turned more cautious on non-essential spending amid rising economic uncertainty.

Birkenstock (NYSE:BIRK) has posted better-than-anticipated profit in its fiscal third quarter and backed its full-year outlook, as the legacy German shoemaker said it is in a good spot despite the impact of elevated U.S. tariffs on the European Union.

German shoemaker Birkenstock said on Tuesday Chief Financial Officer Erik Massmann will step down after nearly two years in the role, and will be succeeded by Ivica Krolo.

The German company’s stock, listed on the New York Stock Exchange last year, has struggled to conserve its gains this year

Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in premarket trading.

Birkenstock raised its annual revenue and core profit forecasts on Thursday as the German sandal maker bets on full-price selling and strong demand for its cork-based sandals and newer closed-toe styles, sending its shares up 10% premarket.