Birkenstock Delivers Strong Q4 Results, Stock Gain…
From Financial Modeling Prep: 2024-12-18 09:28:00
Birkenstock (NASDAQ:BIRK) exceeded expectations in Q4 with adjusted EPS of €0.29, doubling last year’s figure. Revenue jumped 22% to €455.8 million, surpassing estimates. Regional growth was strong, with the Americas up 20% and Europe up 20%. Adjusted EBITDA hit €125 million, beating projections, but gross profit margin fell to 59%.
For 2025, Birkenstock forecasts an adjusted EBITDA margin of 30.8% to 31.3%, in line with analysts’ expectations. The company aims for a gross profit margin approaching its long-term target of 60%. Shares rose over 3% in pre-market trading on the positive results.
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