Birkenstock stock hits all-time high after strong revenue growth forecast raise

From AOL: 2024-05-30 21:51:36

Birkenstock’s shares reached all-time highs after reporting record revenue of 481 million euros in Q2, up 22% YoY. Despite a slight dip in gross margin, the company raised its full-year revenue growth forecast from 17-18% to 19%, driving investor excitement.

With a price-to-sales valuation of 6, Birkenstock may seem pricey, but its strong profit margins and growth potential in Asia, Middle East, and Africa suggest room for expansion. While not on the Motley Fool’s top 10 list, Birkenstock has shown significant growth since going public in 2023.



Read more at AOL: Why Birkenstock Stock Hit an All-Time High Above $57 Per Share Today