Birkenstock (NYSE:BIRK) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Birkenstock (NYSE:BIRK) released its quarterly earnings data on Thursday. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01), reports. The business had revenue of $821.18 million during the quarter, compared to analyst estimates of $816.95 million. Birkenstock had a net margin of 16.26% and a return on equity of 12.95%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. Birkenstock updated its FY 2026 guidance to 2.220-2.400 EPS.

Here are the key takeaways from Birkenstock’s conference call:

• Birkenstock raised its fiscal 2026 outlook, now expecting 15% constant-currency revenue growth and adjusted EBITDA of at least €710 million, following Q3 revenue growth of 15% constant currency and adjusted EBITDA growth of 11%.
• Growth broadened across channels and regions: D2C accelerated to 16%, owned-retail revenue rose 50%, APAC grew 23% overall and nearly 30% excluding Australia timing effects, while China increased more than 50%.
• Product innovation and expanded usage occasions are supporting demand, with non-Boston closed-toe executions up more than 50%, Naples units increasing more than fourfold, and sandals still growing at a mid- to high-single-digit rate.
• Reported profitability was pressured by foreign exchange, U.S. tariffs, and higher freight costs; adjusted gross margin declined 130 basis points year over year, although it improved 10 basis points excluding those effects.
• The full-year tax-rate outlook increased to 30%-31% from 26%-28% because of nondeductible costs tied to the share repurchase and refinancing, leaving adjusted EPS guidance unchanged at €1.90-€2.05 despite the higher EBITDA outlook.

Birkenstock Trading Up 12.8%

Shares of BIRK stock traded up $4.71 on Thursday, hitting $41.45. The stock had a trading volume of 3,425,513 shares, compared to its average volume of 2,382,726. The company’s 50 day moving average price is $43.13 and its 200-day moving average price is $40.08. Birkenstock has a 1 year low of $31.12 and a 1 year high of $53.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.19. The firm has a market capitalization of $7.62 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.57 and a beta of 1.30.

Analysts Set New Price Targets

A number of equities research analysts have commented on BIRK shares. William Blair downgraded Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research report on Monday, August 3rd. Stifel Nicolaus set a $51.00 price objective on Birkenstock in a research report on Wednesday, May 13th. Morgan Stanley set a $41.00 target price on shares of Birkenstock in a research report on Thursday, May 14th. UBS Group lowered their target price on shares of Birkenstock from $77.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Zacks Research cut shares of Birkenstock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.28.

Trending Headlines about Birkenstock

Here are the key news stories impacting Birkenstock this week:

• Positive Sentiment: Fiscal Q3 revenue rose approximately 13% year over year to €719.5 million, exceeding expectations. The company benefited from resilient full-price demand, particularly among affluent consumers. Birkenstock raises annual revenue forecast on strong demand
• Positive Sentiment: Management raised its full-year revenue guidance to approximately $2.8 billion, above the roughly $2.7 billion analyst consensus, reinforcing the growth outlook. Birkenstock Revenue Beat-and-Raise Fuels Big Gains
• Positive Sentiment: Quarterly revenue reached $821.18 million versus the $816.95 million estimate, while EPS increased from $0.62 a year earlier to approximately $0.85-$0.86. The company reported a 16.26% net margin. Birkenstock quarterly earnings report
• Neutral Sentiment: FY 2026 EPS guidance of $2.22-$2.40 brackets the $2.27 consensus estimate. This represents confidence in continued growth but does not materially exceed current expectations. Birkenstock Q3 2026 earnings call transcript
• Negative Sentiment: EPS narrowly missed estimates: reported figures of $0.85-$0.86 were below consensus expectations of $0.86-$0.87. The modest shortfall was outweighed by the revenue beat and improved sales outlook. Birkenstock Q3 Earnings Lag Estimates
• Negative Sentiment: Unusual options activity saw traders purchase 36,269 put options, 1,388% above average volume, signaling elevated hedging or bearish speculation around the stock.

Insider Buying and Selling

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 60,000 shares of Birkenstock stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $42.07, for a total value of $2,524,200.00. Following the completion of the transaction, the insider directly owned 61,153 shares of the company’s stock, valued at $2,572,706.71. The trade was a 49.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Holocene Advisors LP raised its position in Birkenstock by 239.3% in the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock valued at $85,984,000 after purchasing an additional 1,233,085 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Birkenstock by 61.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock worth $126,534,000 after buying an additional 1,181,919 shares in the last quarter. Durable Capital Partners LP purchased a new stake in shares of Birkenstock during the third quarter worth approximately $40,121,000. Hook Mill Capital Partners LP increased its stake in shares of Birkenstock by 131.0% during the third quarter. Hook Mill Capital Partners LP now owns 1,040,397 shares of the company’s stock worth $47,078,000 after buying an additional 590,040 shares during the period. Finally, Morgan Stanley raised its holdings in Birkenstock by 25.1% in the fourth quarter. Morgan Stanley now owns 2,797,719 shares of the company’s stock valued at $114,427,000 after acquiring an additional 562,188 shares in the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Company Profile

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.