Birkenstock reported Q1 FY26 revenue of EUR 402 million, up 18% in constant currency, with adjusted EPS up 50%. Management reaffirmed a three-year plan targeting revenue growth, EBITDA margins, EPS growth, and annual buybacks, backed by supply chain investments to support annual unit growth.
During an investor event, Birkenstock highlighted durable demand, a unique distribution approach, and supply chain investments to support 10% annual unit growth. CEO emphasized the company’s mission to provide access to the footbed, delivering 72 million pairs since the IPO.
CFO presented Q1 FY26 results, with revenue growth driven by back-to-school and holiday season momentum. FX headwinds and U.S. tariffs pressured margins, with adjusted gross margin down to 57.4%, adjusted EBITDA margin to 26.5%, and adjusted EPS up 50%.
By segment, constant-currency growth was positive in the Americas, EMEA, and APAC. B2B grew 24%, while DTC grew 12%. Management reiterated fiscal guidance for 13%-15% revenue growth, steady margins, and EPS growth above revenue growth.
Americas President noted regional expansion plans, emphasizing growth through B2B and DTC channels. EMEA outlined growth drivers in under-penetrated markets and closed-toe styles. APAC highlighted premium luxury positioning and plans for revenue doubling over three years.
Supply chain leader discussed Birkenstock’s vertically integrated model, with factories in Germany and Portugal supporting unit growth. Expansion work underway at key sites to support more premium and complex product mix. 95% of products assembled in German factories.
Birkenstock, a global footwear manufacturer known for its footbeds and sandals, reaches consumers through various distribution channels. The company offers classic models like Arizona and Boston, along with clogs and shoes. Commitment to foot health and comfort evident through complementary accessories.
Overall, Birkenstock’s growth strategy emphasizes durable demand, unique distribution, and supply chain investments to support unit growth. The company’s mission to provide access to the footbed and commitment to revenue growth, margins, and EPS growth outlined during investor event.
Read more at Yahoo Finance: Q1 FY26 Growth Holds as FX, Tariffs Bite; 13%-15% Target Reaffirmed