Birkenstock Holding (NYSE: BIRK) shares are trading lower on Wednesday. The company reported third-quarter adjusted earnings per share of 70 cents, beating the analyst consensus estimate of 67 cents. Quarterly sales of $720.12 million missed the Street view of $739.49 million. Revenue totaled 635 million euros, with double-digit growth in all regions.

CEO Oliver Reichert stated that reported revenue growth was 12%, with revenue increasing 16% in constant currency. Revenue grew double digits across all segments, rising in the Americas, EMEA, and APAC. Gross profit margin was 60.5%, up 100 basis points from a year ago. Adjusted EBITDA was 218 million euros, up 17% year-over-year.

The company reaffirmed its fiscal year 2025 sales guidance at $2.254 billion with an adjusted EBITDA margin of 31.3% to 31.8%. BIRK shares are trading lower by 3.40% to $48.52. The CEO mentioned that the July 1 price increases in the U.S. were accepted well by retailers, with no pushback or order cancellations.

Read more at Yahoo Finance: Birkenstock CEO Says Well-Positioned To Navigate Tariffs, Reaffirms Outlook