Birkenstock (NYSE:BIRK) Posts Earnings Results, Beats Expectations By $0.11 EPS

Birkenstock (NYSE:BIRK) announced its quarterly earnings data on Thursday. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11, FiscalAI reports. The firm had revenue of $617.67 million for the quarter, compared to the consensus estimate of $521.12 million. Birkenstock had a return on equity of 13.08% and a net margin of 16.70%.The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 earnings per share. Birkenstock updated its FY 2026 guidance to 2.220-2.40 EPS.

Here are the key takeaways from Birkenstock’s conference call:

• Birkenstock reported a record fiscal 2025 with €2.1 billion revenue (+18% constant currency), sold >38 million pairs, and delivered an adjusted EBITDA margin of 31.8%, beating guidance.
• Management says growth is now limited by its vertically integrated production capacity—especially heavier-production closed-toe/clog styles—so they are deliberately steering to a slower 13%-15% constant-currency revenue target for 2026 and ~10% unit growth.
• For fiscal 2026 the company expects material headwinds from FX and incremental U.S. tariffs (~300–350 bps revenue FX drag full-year; ~200 bps combined margin pressure) but still guides to reported revenue of €2.3–2.35 billion, adjusted EBITDA ≥€700 million, EPS €1.90–2.05, and plans up to $200 million in share repurchases.
• White‑space initiatives drove progress: direct retail doubled to 97 stores (30 added in 2025, ~40 planned in 2026), APAC grew ~34% CC to 11% of revenue with the highest ASP, and closed‑toe products rose to 38% of sales—supporting ASP and margin expansion.

Birkenstock Stock Performance

NYSE:BIRK opened at $42.53 on Friday. Birkenstock has a 52 week low of $38.16 and a 52 week high of $62.66. The company has a fifty day simple moving average of $42.02 and a two-hundred day simple moving average of $46.86. The company has a quick ratio of 1.29, a current ratio of 2.78 and a debt-to-equity ratio of 0.50. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 0.79 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BIRK. Weiss Ratings reissued a “hold (c-)” rating on shares of Birkenstock in a research note on Monday. Robert W. Baird dropped their target price on shares of Birkenstock from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus cut their target price on Birkenstock from $66.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday. Guggenheim restated a “buy” rating and set a $60.00 price target on shares of Birkenstock in a research note on Friday. Finally, UBS Group reaffirmed a “buy” rating on shares of Birkenstock in a research note on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.79.

Hedge Funds Weigh In On Birkenstock

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morse Asset Management Inc purchased a new stake in shares of Birkenstock in the 3rd quarter valued at approximately $28,000. Quarry LP grew its stake in shares of Birkenstock by 99.2% during the third quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after purchasing an additional 492 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after buying an additional 488 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in Birkenstock in the second quarter valued at $74,000. Finally, California State Teachers Retirement System lifted its holdings in Birkenstock by 67.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,358 shares of the company’s stock worth $165,000 after buying an additional 1,351 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Key Birkenstock News

Here are the key news stories impacting Birkenstock this week:

• Positive Sentiment: Q4 / FY25 beats — Revenue and EPS topped Street estimates and full‑year revenue grew ~16–18% (constant currency), driven by strong consumer demand across channels. This supports near‑term top‑line momentum. Read More.
• Positive Sentiment: Analysts still show conviction — Several firms reaffirmed buy/outperform stances and price targets in the $60–$70 range, indicating continued upside potential from longer‑term growth assumptions. Read More.
• Neutral Sentiment: Unusual options activity — Elevated options volume suggests traders are positioning for volatility around guidance and tariff news; this can amplify intraday moves but is not a fundamental change. Read More.
• Negative Sentiment: Tariff headwind to margins — Management warned that new tariffs (and FX) will materially hurt gross margins in FY26, a primary reason for the weaker outlook. That warning drove immediate investor concern. Read More.
• Negative Sentiment: Slower FY26 guidance / production limits — Birkenstock issued revenue and EPS guidance below some analysts’ expectations and cited temporary production constraints that should slow growth next year. Those factors prompted sharp selloffs in earlier sessions. Read More.
• Negative Sentiment: Operational hiccups — Management said there is no demand problem, but temporary production issues may constrain fulfillment and near‑term revenue progression until resolved. Read More.

About Birkenstock

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.