Birkenstock Holding plc specializes in the creation and distribution of various foot-related products. While renowned for its extensive collection of footwear, which ...
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Est. EPS $1.99 · Revenue $2.38B · 13 analysts
Est. EPS $0.27 · Revenue $462.77M · 6 analysts
Est. EPS $0.71 · Revenue $712.01M · 2 analysts
Est. EPS $0.90 · Revenue $825.63M · 2 analysts
EPS €0.61 · Revenue €731.44M
EPS €0.45 · Revenue €628.50M
EPS €0.27 · Revenue €401.90M
EPS €1.87 · Revenue €2.10B
EPS €0.69 · Revenue €635.04M
EPS €0.56 · Revenue €574.33M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $2.1B | +16.2% | +16.4% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $348.3M | +81.8% | +33.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +59.1% | +0.6% | +11.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +26.2% | +12.3% | +9.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +16.6% | +56.4% | +15.0% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $288.3M | -18.7% | +10273.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +13.7% | -30.1% | +8813.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 48.1% | -6.5% | +44.8% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.81x | +8.2% | +28.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $4.9B | +1.2% | +9.5% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.87 vs 1.72 | +8.9% | 0.61 vs 0.75 | -19.1% |
| Revenue Surprise | $2.1B vs $2.1B | +0.1% | $731.4M vs $714.3M | +2.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | Chu James Michael | director | Ordinary shares, no par value | D | 28,146,226 | $39.18 |
| Jun 8, 2026 | Bouyakhf Mehdi Nico | officer: President EMEA | Ordinary Shares | D | 30,000 | $43.50 |
| Jun 5, 2026 | Bouyakhf Mehdi Nico | officer: President EMEA | Ordinary Shares | D | 60,000 | $42.07 |
| Apr 29, 2026 | Arnault Alexandre | director | Ordinary Shares | A | 1,623 | — |
| Apr 29, 2026 | Arnault Alexandre | director | Ordinary Shares | D | 690 | $37.50 |
Operator: Good morning, and thank you for standing by. Welcome to Birkenstock's Third Quarter of Fiscal 2026 Earnings Conference Call. [Operator Instructions] I would like to remind everyone that this conference call is being recorded. I will now turn the call over to Megan Kulick, Director of Investor Relations. Megan Kulick: Hello, and thank you, everyone, for joining us today. On the call are Oliver Reichert, Director of Birkenstock Holding plc and Chief Executive Officer of the Birkenstock Group; and Ivica Krolo, Chief Financial Officer of the Birkenstock Group. Today, we are reporting the financial results for our fiscal third quarter ended June 30, 2026. You may find the press release and a supplemental presentation connected to today's discussion on our Investor Relations website at birkenstock-holding.com. Results have also been filed on Form 6-K with the SEC. We would like to remind you that some of the information provided during this call is forward-looking and accordingly is subject to the safe harbor provisions of federal security laws. These statements are subject to various risks, uncertainties and assumptions, which could cause our actual results to differ materially from these statements. These risks, uncertainties and assumptions are detailed in this morning's press release as well as in our filings with the SEC, which can be found on our website at birkenstock-holding.com. We undertake no obligation to revise or update any forward-looking statements or information, except for as required by law. We will reference certain non-IFRS financial information. We use non-IFRS measures as we believe they represent the operational performance and underlying results of our business more accurately. The presentation of this non-IFRS information is not intended to be considered by itself or as a substitute for the financial information prepared and presented in accordance with IFRS. Reconciliations of non-IFRS measures to IFRS measures can be found in this morning's press release and in our SEC filings. Now I'll turn the call over to Oliver. Oliver Reichert: Good morning, everybody. We performed exceptionally well in Q3 and once again demonstrated the strength of our brands. Given this continued momentum for fiscal 2026, we raised our guidance for revenue growth to 15% in constant currency and adjusted EBITDA of at least EUR 710 million. We delivered another strong quarter. Our revenue grew 15% in constant currency at the high end of our annual target of 13% to 15%. EMEA growth accelerated to 15%. DTC growth accelerated to 16% in constant currency. Adjusted EBITDA margin on a like-for-like basis improved 60 basis points year-over-year. We achieved this despite an increase in costs, especially freight rates due to the conflicts in the Middle East. We returned capital to shareholders by repurchasing EUR 230 million in shares. We also refinanced and upsized our senior notes at a 75 basis points lower rate. We continue to grow in our white …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Alexander Hoff | Vice President Global Finance | — | — | Active |
Jakub Nachtigall | Vice President of Operational Excellence | Male | — | Active |
Klaus Baumann | Chief Sales Officer | Male | 1969 | Active |
Mehdi Nico Bouyakhf | President of EMEA | Male | 1975 | Active |
Volker Bach | Vice President of Global Accounting | — | — | Active |
Jochen Gutzy | Chief Communications Officer | Male | 1970 | Active |
Ivica Krolo | Chief Financial Officer | Male | 1984 | Active |
Megan Kulick | Director Investor Relations | Female | — | Active |
Oliver Christian Joachim Reichert | Chief Executive Officer & Director | Male | 1971 | Active |
Markus Baum | Chief Product Officer | — | 1978 | Active |
Christian Heesch | Chief Legal Officer | Male | 1973 | Active |
David Kahan | President of Americas | Male | 1962 | Active |
Despite many warning signs to the contrary, the S&P 500 continues to climb to fresh record high levels. The latest earnings season showed remarkably resilient performance for many standout companies, but not every quality growth name has gotten the message so far.
Birkenstock Holding PLC (BIRK) Valuation AssessmentOn August 20, 2026, Birkenstock Holding PLC (BIRK) shares fell 4.4% to a current price of $34.55. This declin
Birkenstock Group AG NYSE: BIRK reported its third-quarter earnings for its fiscal year 2026 (FY2026) on Aug. 13 and showed that consumers are still willing to pay for the brands they love. The company beat on the top line, with revenue of €719.53M ($834.33 million), ahead of expectations of €713.54M ($827.39 million).
The portfolio's return was 5.34% (net) for the reporting period. We initiated the following positions: Birkenstock Holding, Dormakaba, Hiab, Reply, SATS Ltd., and Scout24. We eliminated the following positions: Grifols Cl B ADR and Sopra Steria Group.
Birkenstock NYSE: BIRK raised its fiscal 2026 outlook after reporting third-quarter revenue growth at the high end of its annual target range, supported by broad regional demand, accelerating direct-to-consumer sales and expansion of its owned retail footprint.
