From CNBC:

Birkenstock exceeded holiday quarter revenue expectations with a 26% year-on-year increase, driven by higher pricing and rising U.S. demand. Despite gross profit margin decline, adjusted EBITDA rose by 12%. CEO remains confident in long-term profitability objectives. Sales in North America surged 21% as competitors struggle. New owners’ aggressive growth strategy doubled sales and market cap to $9.7 billion. Birkenstock paid down debt after going public, reducing net leverage to below 2.5-times EBITDA.



Read more at CNBC:: Birkenstock (BIRK) earnings Q1 2024