Birkenstock Holding (BIRK) Company Report

Analyst Coverage

Research analysts who have asked questions during Birkenstock Holding earnings calls.

Laurent Vasilescu

BNP Paribas S.A.

5 questions for BIRK

Also covers: AS, CLAR, COLM +9 more

Mark Altschwager

Robert W. Baird & Co.

5 questions for BIRK

Also covers: BBWI, BURL, ELF +11 more

Matthew Boss

JPMorgan Chase & Co.

5 questions for BIRK

Also covers: , AEO, ANF +38 more

Paul Lejuez

Citigroup

5 questions for BIRK

Also covers: , ACI, AEO +36 more

Adrien Duverger

Goldman Sachs

4 questions for BIRK

Also covers: ZGN

Dana Telsey

Telsey Advisory Group

4 questions for BIRK

Also covers: , AEO, AKA +44 more

Jay Sole

UBS

4 questions for BIRK

Also covers: , AEO, AS +27 more

Lorraine Hutchinson

Bank of America

4 questions for BIRK

Also covers: AS, BBWI, BURL +18 more

Michael Binetti

Evercore ISI

4 questions for BIRK

Also covers: , AS, FL +16 more

Anna Andreeva

Piper Sandler

3 questions for BIRK

Also covers: AS, CHWY, CROX +10 more

Erwan Rambourg

HSBC

3 questions for BIRK

Also covers: SMSEY

Janine Stichter

BTIG

3 questions for BIRK

Also covers: AEO, ANF, BOOT +13 more

Randal Konik

Jefferies LLC

3 questions for BIRK

Also covers: AKA, BOWL, EWCZ +11 more

Samuel Poser

Williams Trading, LLC

3 questions for BIRK

Also covers: BOOT, CROX, DECK +5 more

Simeon Siegel

BMO Capital Markets

3 questions for BIRK

Also covers: AEO, BBWI, COOK +16 more

Edouard Aubin

Morgan Stanley

2 questions for BIRK

Also covers: CFRUY, DUFRY, PPRUY

Jim Duffy

Stifel Financial Corp.

2 questions for BIRK

Also covers: CLAR, COLM, CROX +9 more

Peter McGoldrick

Stifel

2 questions for BIRK

Also covers: CLAR, COLM, DECK +10 more

Sam Poser

Williams Trading LLC

2 questions for BIRK

Also covers: BOOT, CROX, DECK +4 more

Donna Telsey

Telsey Advisory Group

1 question for BIRK

Janine Hoffman Stichter

Stifel

1 question for BIRK

Also covers: , FL, JILL +6 more

Louise Singlehurst

Goldman Sachs

1 question for BIRK

Also covers: CFRUY, PPRUY, ZGN

Luca Solca

Sanford C. Bernstein & Co., LLC

1 question for BIRK

Also covers: CFRUY, PPRUY

Randy Konik

Jefferies

1 question for BIRK

Also covers: MANU, SIG, SN

Sharon Zackfia

William Blair & Company

1 question for BIRK

Also covers: BJRI, BROS, CAKE +16 more

Latest news

Recent press releases and 8-K filings for BIRK.

Birkenstock (BIRK) Conference Call Highlights Strong Q1 2026 Results and Long-Term Outlook

BIRK

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Birkenstock (BIRK) reported preliminary Q1 2026 revenue of EUR 402 million, reflecting 18% constant currency growth and 11% reported growth, with adjusted EPS increasing 50% year over year to $0.27.
The company reiterated its fiscal 2026 guidance and provided a three-year outlook (ending FY 2028) for 13%-15% constant currency revenue growth and 15%-17% constant currency EPS growth, while committing to 30%+ EBITDA margins.
Strategic growth initiatives include doubling the APAC business and own retail fleet since the IPO, alongside expanding the closed-toe shoe business to 38% of total business.
Birkenstock plans to expand its vertically integrated production capacity by approximately 10% in units per year, supported by investments in facilities like Pasewalk and Wittichenau.
Capital allocation priorities include $200 million in annual share buybacks and continued debt reduction, having lowered leverage from 3.3x to 1.5x since IPO, while also emphasizing the high profitability of its B2B channel.

Jan 28, 2026, 2:00 PM

Transcript

Birkenstock Reports Strong Post-IPO Performance and Reiterates Future Growth Guidance

BIRK

Guidance Update

Share Buyback

New Projects/Investments

Birkenstock reported strong performance since its IPO, achieving 41% revenue growth and 38% EBITDA growth over the first two years, while also deleveraging by 55%.
For Q1 2026, the company saw 18% revenue growth in constant currency and a 50% increase in EPS to $0.27, despite facing FX and tariff headwinds.
The company reiterated its fiscal 2026 guidance, forecasting 13%-15% revenue growth and 15%-17% EPS growth in constant currency for the three-year period ending fiscal 2028, with a commitment to 30%+ EBITDA margins.
Strategic capital allocation includes EUR 275 million invested in production and companies since IPO, ongoing capacity expansion to support 10% annual unit growth, and $200 million per year in share buybacks.
The company plans to double its own retail fleet over the next three years and continues to focus on high-growth regions like APAC, which is expected to double its revenues over the same period.

Jan 28, 2026, 2:00 PM

Transcript

Birkenstock CMD 2026 Highlights Strong Growth and Future Outlook

BIRK

Guidance Update

Share Buyback

New Projects/Investments

Since its IPO, Birkenstock has achieved 41% revenue growth and 38% EBITDA growth, while reducing leverage by 55%. In Q1 2026, the company reported 18% constant currency growth and a 50% increase in EPS to $0.27.
The company reiterates its fiscal 2026 guidance and projects 13%-15% revenue growth in constant currency and 15%-17% EPS growth (200 basis points above revenue growth) for the three-year period ending fiscal 2028, with a commitment to 30%+ EBITDA margins.
Birkenstock plans to invest EUR 275 million into production and companies, and continue $200 million in annual share buybacks. It has reduced leverage from 3.3 times to 1.5 times since IPO and generated EUR 813 million in operating free cash flow over the last two fiscal years.
Strategic growth areas include APAC (expected to double revenues over three years), continued expansion of B2B (fastest growing channel at 24% constant currency in Q1 2026), and DTC (up 12% in Q1 2026). The company is expanding production capacity to support approximately 10% unit growth per year.

Jan 28, 2026, 2:00 PM

Transcript

BIRKENSTOCK Presents Strong Financials and Ambitious Growth Outlook at Capital Markets Day

BIRK

Earnings

Guidance Update

Revenue Acceleration/Inflection

BIRKENSTOCK reported FY25 revenue of €2097 million (+41% vs. FY23) and Adjusted EBITDA of €667 million (+38% vs. FY23). Preliminary Q1 FY26 results show revenue of €402 million (+11.1% vs. Q1 FY25) and Adjusted EPS of €0.27 (+50% vs. Q1 FY25). The company forecasts FY26-FY28 revenue growth of 13-15% at constant currency, an Adjusted Gross Profit Margin of ~57-58%, and an Adjusted EBITDA Margin of 30%+.
The company targets €1 billion of incremental annual revenue by FY28 compared to FY25 , driven by doubling the APAC business and achieving double-digit growth in Americas and EMEA. Strategic expansion includes growing its owned retail fleet to ~45 stores by FY28 (+30 net incremental stores vs. FY25) and over 400 stores in APAC by FY28 (+70 net incremental owned stores and +100 partner stores vs. FY25).
BIRKENSTOCK has significantly expanded its closed-toe product segment to 38% of its business in FY25 , with new introductions since FY23 contributing 4% of 2025 revenue. The company's vertically integrated supply chain ensures 95% of products are assembled in-house in Germany and 100% of footbeds are made in Germany , supporting a target of 10% unit growth CAGR and 15% production hour growth CAGR from FY25 to FY28.

Jan 28, 2026, 1:15 PM

Presentation

Birkenstock Reports Strong Q1 FY26 Preliminary Results and Outlines FY26-FY28 Growth Outlook

BIRK

Earnings

Guidance Update

New Projects/Investments

Birkenstock reported preliminary Q1 FY26 revenue of €402 million, marking an 11.1% increase (+17.8% at constant currency) year-over-year, with Adjusted EPS rising 50% to €0.27.
The company projects double-digit revenue growth of 13-15% at constant currency for FY26-FY28, aiming for Adjusted EBITDA margins of 30.0-30.5% and Adjusted EPS growth faster than revenue growth.
Strategic growth initiatives include doubling the business in APAC by FY28, significant expansion of its own retail fleet across all regions, and continued strong growth in its closed-toe product category.
To support this growth, Birkenstock is targeting a 10% unit growth CAGR and 15% production hour growth CAGR for FY25-FY28, with three large expansion projects underway in its vertically integrated supply chain.

Jan 28, 2026, 11:56 AM

6-K

Birkenstock Reports Preliminary Q1 Revenue

BIRK

Earnings

Guidance Update

Demand Weakening

Birkenstock Holding plc announced preliminary fiscal first-quarter revenue of €402 million for the period ended December 31, reflecting 11.1% reported growth and 17.8–18% constant currency growth.
This preliminary revenue figure missed street expectations of €403.3 million by approximately €1.3 million.
Shares traded lower in premarket, following a 28% decline in 2025, as investors remain cautious due to prior guidance for a slower growth pace in fiscal 2026.
The company will publish full first-quarter results on February 12.

Jan 12, 2026, 11:53 AM

Bloomberg

Birkenstock Announces Preliminary Q1 2026 Revenue

BIRK

Earnings

Guidance Update

Birkenstock Holding plc announced preliminary fiscal first quarter (ended December 31, 2025) revenue of €402 million.
This represents year-over-year growth of 11.1% on a reported basis and 17.8% in constant currency.
The company plans to report its full fiscal first quarter financial results on Thursday, February 12, 2026, before the US market open, and will host a conference call and live webcast on the same day.

Jan 12, 2026, 11:21 AM

6-K

Birkenstock (BIRK) Reports Strong FY 2025 Results and Provides FY 2026 Guidance

BIRK

Earnings

Guidance Update

Share Buyback

Birkenstock (BIRK) reported strong fiscal year 2025 results, with revenue reaching €2.1 billion, an 18% increase in constant currency, and adjusted EBITDA of €667 million, up 20% year-over-year, achieving an adjusted EBITDA margin of 31.8%.
For Q4 2025, revenue was €526 million, growing 20% in constant currency, and adjusted EPS was $0.51, a 76% increase from the prior year.
The company provided fiscal year 2026 guidance, targeting constant currency revenue growth of 13%-15%, leading to reported revenue of €2.3-€2.35 billion.
Fiscal year 2026 guidance includes an expected adjusted EBITDA of at least €700 million, with an adjusted EBITDA margin of 30%-30.5%, and adjusted EPS of €1.90-€2.05. These figures incorporate significant headwinds from FX and tariffs, which are expected to impact gross margin and EBITDA margin by 200 basis points combined.
Growth in 2026 is primarily limited by production capacity constraints, not consumer demand, with plans to open 40 new retail stores and execute $200 million in share repurchases.

Dec 18, 2025, 1:00 PM

Transcript

Birkenstock Reports Strong FY 2025 Results, Provides FY 2026 Guidance

BIRK

Earnings

Guidance Update

Share Buyback

Birkenstock reported fiscal year 2025 revenue of EUR 2.1 billion, an 18% increase in constant currency, surpassing its guidance, and achieved an adjusted EBITDA margin of 31.8%.
For fiscal year 2026, the company forecasts constant currency revenue growth of 13%-15%, translating to reported revenue of EUR 2.3-EUR 2.35 billion, with an expected adjusted EBITDA margin of 30%-30.5%.
The company's growth is primarily limited by production capacity, with unit growth targeted at approximately 10%, and it anticipates significant headwinds from FX and tariffs impacting margins in fiscal 2026.
Birkenstock plans to repurchase $200 million in shares during fiscal 2026 and continues to invest in expanding its production capacity and retail footprint, aiming to open about 40 new stores.

Dec 18, 2025, 1:00 PM

Transcript

BIRKENSTOCK Reports Strong FY25 Financial Results and Provides FY26 Guidance

BIRK

Earnings

Guidance Update

Revenue Acceleration/Inflection

For fiscal year 2025, BIRKENSTOCK reported revenue of €2,097 million, an increase of 16% (or 18% at constant currency) compared to FY24.
Adjusted EBITDA for FY25 reached €667 million, up 20% from FY24, with the margin improving by 100 basis points to 31.8%.
Adjusted Earnings Per Share (EPS) for FY25 increased by 45% to €1.85.
For fiscal year 2026, the company projects revenue growth of 13-15% at constant currencies, with reported revenue expected to be between €2,300 million and €2,350 million.
FY26 guidance also includes an adjusted EBITDA margin of 30.0-30.5% and adjusted EPS between €1.90 and €2.05.