Birkenstock Holding (BIRK) Company Report

Analyst Coverage

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

Laurent Vasilescu

BNP Paribas S.A.

7 questions for BIRK

Also covers: AS, CLAR, COLM +9 more

Matthew Boss

JPMorgan Chase & Co.

7 questions for BIRK

Also covers: , AEO, ANF +39 more

Lorraine Hutchinson

Bank of America

6 questions for BIRK

Also covers: AS, BBWI, BURL +18 more

Michael Binetti

Evercore ISI

6 questions for BIRK

Also covers: , AS, FL +16 more

Anna Andreeva

Piper Sandler

5 questions for BIRK

Also covers: AS, CHWY, CROX +10 more

Mark Altschwager

Robert W. Baird & Co.

5 questions for BIRK

Also covers: BBWI, BURL, ELF +11 more

Paul Lejuez

Citigroup

5 questions for BIRK

Also covers: , ACI, AEO +37 more

Simeon Siegel

BMO Capital Markets

5 questions for BIRK

Also covers: AEO, BBWI, COOK +16 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

Peter McGoldrick

Stifel

4 questions for BIRK

Also covers: CLAR, COLM, CROX +11 more

Edouard Aubin

Morgan Stanley

3 questions for BIRK

Also covers: CFRUY, DUFRY, PPRUY +1 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

Jim Duffy

Stifel Financial Corp.

2 questions for BIRK

Also covers: CLAR, COLM, CROX +9 more

Sam Poser

Williams Trading LLC

2 questions for BIRK

Also covers: BOOT, CROX, DECK +5 more

Tracy Kogan

Citigroup

2 questions for BIRK

Also covers: COLM, JWN, KSS +6 more

Donna Telsey

Telsey Advisory Group

1 question for BIRK

Ed Aubin

Morgan Stanley

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: GOLF, MANU, PLNT +4 more

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 Holding Announces Q1 FY26 Financial Results

BIRK

Earnings

Revenue Acceleration/Inflection

Birkenstock Holding reported revenue of €402 million for Q1 FY26, marking an 11% increase year-over-year, or 18% on a constant currency basis.
Adjusted Net Profit grew by 47% to €49 million, and Adjusted EPS increased by 50% to €0.27 in Q1 FY26 compared to Q1 FY25.
The Adjusted Gross Profit Margin was 57.4% and the Adjusted EBITDA Margin was 26.5% for Q1 FY26, with decreases primarily attributed to unfavorable currency translation, incremental US tariffs, and channel mix.
Net Leverage stood at 1.7x as of December 2025, an increase from 1.5x in September 2025, influenced by typical cash seasonality.
The company reported a cash balance of €229 million at the end of Q1 FY26.

Feb 12, 2026, 1:00 PM

Presentation

Birkenstock Holding Reports Strong Q1 2026 Results and Reaffirms FY 2026 Guidance

BIRK

Earnings

Guidance Update

Share Buyback

Birkenstock Holding reported Q1 2026 revenues of EUR 402 million, marking an 18% increase in constant currency (11% reported) and surpassing its full-year guidance. Adjusted EBITDA for the quarter was EUR 106 million, up 4% year-over-year, with an Adjusted EBITDA margin of 26.5%, and Adjusted EPS reached $0.27, a 50% increase.
The company reiterated its fiscal year 2026 guidance, projecting 13%-15% constant currency revenue growth, leading to expected total revenue of EUR 2.3 billion-EUR 2.35 billion and Adjusted EBITDA of at least EUR 700 million. Adjusted EPS is forecasted to be €1.90-€2.05.
Birkenstock plans to repurchase $200 million in shares during fiscal 2026. Strategic growth areas include APAC, which saw 37% constant currency revenue growth in Q1, and continued expansion of its retail footprint, with 9 new stores added in Q1 towards a goal of 40 for the fiscal year.

Feb 12, 2026, 1:00 PM

Transcript

Birkenstock Holding Reports Strong Q1 2026 Results and Reaffirms Full-Year Guidance

BIRK

Earnings

Guidance Update

Share Buyback

Birkenstock Holding reported Q1 2026 revenue of EUR 402 million, representing 18% growth in constant currency (11% reported), exceeding its full-year guidance. Adjusted EBITDA was EUR 106 million (26.5% margin), and Adjusted EPS was $0.27, up 50% year-over-year.
The company reaffirmed its fiscal year 2026 guidance, projecting 13%-15% constant currency revenue growth (10%-12% reported, totaling EUR 2.3 billion-EUR 2.35 billion), Adjusted EBITDA of at least EUR 700 million (30%-30.5% margin), and Adjusted EPS of €1.90-€2.05.
Growth was strong across all segments, with APAC revenue up 37% in constant currency and B2B up 24% in constant currency.
Birkenstock plans to repurchase $200 million in shares during fiscal 2026, subject to market conditions.
The company continues to expand its retail footprint, adding 9 new stores in Q1 to reach a total of 106 stores, with plans to add 40 new stores this fiscal year.

Feb 12, 2026, 1:00 PM

Transcript

Birkenstock Reports Strong Q1 2026 Results and Reaffirms Full-Year Guidance

BIRK

Earnings

Guidance Update

Share Buyback

Birkenstock reported strong Q1 2026 financial results, with revenue of EUR 402 million, up 18% in constant currency, and Adjusted EPS of $0.27, a 50% increase year-over-year, despite a 670 basis point FX headwind.
The company reiterated its fiscal 2026 guidance, projecting 13%-15% constant currency revenue growth (or EUR 2.3 billion-EUR 2.35 billion reported revenue) and an Adjusted EBITDA of at least EUR 700 million, implying an Adjusted EBITDA margin of 30%-30.5%.
Growth was primarily driven by the B2B channel, up 24% in constant currency, and the APAC segment, which grew 37% in constant currency, with the company maintaining over 90% full-price sell-through.
Birkenstock intends to repurchase $200 million in shares during fiscal 2026 and continues to expand its own retail presence, adding 9 new stores in Q1 to reach 106 stores globally.

Feb 12, 2026, 1:00 PM

Transcript

Birkenstock Holding plc Maintains Fiscal Year 2026 Financial Guidance

BIRK

Guidance Update

Share Buyback

New Projects/Investments

Birkenstock Holding plc maintains its financial guidance for fiscal year 2026, which ends on September 30, 2026.
The company expects reported revenue for FY 2026 to be between EUR 2.30-2.35 billion, representing a growth of 10-12%, or 13-15% in constant currency.
Adjusted EBITDA is projected to be at least EUR 700 million, implying an Adjusted EBITDA margin of 30.0-30.5%.
Adjusted EPS is anticipated to be in the range of EUR 1.90-2.05.
Birkenstock intends to repurchase shares for a total consideration of USD 200 million during fiscal 2026 and plans to open approximately 40 new own-retail stores globally.

Feb 12, 2026, 12:17 PM

6-K

Birkenstock Holding plc Reports Strong Fiscal First Quarter 2026 Results

BIRK

Earnings

Revenue Acceleration/Inflection

Birkenstock Holding plc reported fiscal first quarter 2026 revenue of EUR 402 million, an 11.1% increase on a reported basis and 17.8% in constant currency, exceeding its full-year target of 13-15% constant currency growth.
Net profit for the quarter surged 151% year-over-year to EUR 51 million, with EPS increasing 157% to EUR 0.27 from EUR 0.11 in the prior-year period.
Adjusted EBITDA grew 4% year-over-year to EUR 106 million, although the Adjusted EBITDA margin decreased to 26.5% from 28.2% in the prior-year period.
The company ended the quarter on December 31, 2025, with EUR 229 million in cash and cash equivalents and a net leverage of 1.7x.

Feb 12, 2026, 11:38 AM

6-K

Birkenstock Reports Q1 2026 Results with Revenue Miss

BIRK

Earnings

Demand Weakening

New Projects/Investments

Birkenstock reported fiscal Q1 2026 revenue of approximately €402 million, an 11% increase year-over-year, which narrowly missed Wall Street's sales estimates.
Net profit rose substantially to roughly €50–51 million, and adjusted EPS was in line with expectations, despite gross margin contracting to approximately 55.7% due to adverse currency moves, higher U.S. tariffs, and channel mix effects.
The quarter's growth was primarily driven by strong holiday demand for clogs and closed-toe styles, with wholesale/B2B revenue growing roughly 24% in constant currency, while direct-to-consumer revenue increased about 12%.
The company continued to invest for growth, with approximately €38 million in Q1 capex, including about €18 million for a new production site in Wittichenau.
Investors reacted cautiously to the news, with BIRK shares trading slightly lower.

Feb 12, 2026, 11:06 AM

Morningstar

Birkenstock Holding plc Announces Q1 2026 Financials and Acquisition Details

BIRK

Earnings

M&A

Revenue Acceleration/Inflection

Birkenstock Holding plc reported revenue of €401.9 million for the three months ended December 31, 2025, an 11% increase (18% in constant currency) year-over-year. Net profit grew 151% to €50.6 million, with basic and diluted EPS at €0.27, up 157%.
The gross profit margin decreased by 460 basis points to 55.7%, primarily due to unfavorable currency translation, incremental U.S. tariffs, channel mix, and a 170 basis points impact from the Birkenstock Australia acquisition.
The company completed the acquisition of Birkenstock Australia Pty. Ltd. on October 23, 2025, which contributed €16.7 million in sales and €4.8 million in income since the acquisition date, and resulted in a €12.3 million gain on bargain purchase.
Adjusted EBITDA increased 4% year-over-year to €106.4 million, but net leverage rose to 1.7x as of December 31, 2025, from 1.5x on September 30, 2025, driven by increased net debt and a seasonal decrease in cash and cash equivalents.
Cash flows used in operating activities for the three months ended December 31, 2025, were €28.3 million, largely due to cash outflows from working capital, particularly inventories.

Feb 12, 2026, 11:00 AM

6-K

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.