
BIRK Stock Forecast & Price Target
BIRK Analyst Ratings
Bulls say
Birkenstock Holding PLC reported a notable total revenue growth of 19.4% year-over-year for the quarter, reaching €361.7 million, which surpassed consensus estimates that projected a 17.6% increase. The company's Americas segment, a key revenue driver, experienced a constant currency revenue up 21% year-over-year, supported by a 40% increase in sell-through and a 10% average price increase. Additionally, the profit before tax margin improved significantly, rising 330 basis points to 14.1%, indicating stronger profitability compared to previous estimates and consensus expectations.
Bears say
Birkenstock Holding PLC experienced a decline in its gross margin, falling 70 basis points year-over-year to 60.3%, which, although slightly better than estimates, indicates pressures on profitability. The company is also facing an estimated €0.01 drag on earnings per share due to a higher tax rate that exceeded consensus expectations, contributing to a cautious outlook for future performance. Furthermore, management's decision to maintain annual guidance suggests potential weaknesses in consumer spending, rising interest rates, and overall economic conditions that could adversely impact the company's operations.
This aggregate rating is based on analysts' research of Birkenstock Holding Plc and is not a guaranteed prediction by Public.com or investment advice.
BIRK Analyst Forecast & Price Prediction
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