Birkenstock CFO Erik Massmann steps down, stock drops, but company reaffirms guidance

From StockTwits: 2025-01-23 00:32:10

Birkenstock Holding Plc ($BIRK) saw a 0.8% drop in shares after CFO Erik Massmann announced plans to step down. Ivica Krolo will take over as CFO starting February 1. The company reaffirmed its FY 2025 guidance, expecting revenue growth of 15-17% and adjusted EBITDA margins of 30.8-31.3%. Q4 earnings beat estimates at $0.30 per share. Stocktwits sentiment turned ‘extremely bearish’ post-CFO news. CitiGroup analysts were not surprised by the change and maintained a ‘Buy’ rating with a $65.00 price target. The appointment of Krolo signals Birkenstock’s transition to a publicly traded entity. Stock is up 3.25% YTD.



Read more at StockTwits: Birkenstock Stock On Watch As CFO Erik Massmann Steps Down: Retail Sentiment Dips