By
Reuters Published December 19, 2024 Download
Print
Text size

Birkenstock's quarterly revenue beats on resilient demand

By
Reuters Published
December 19, 2024

Birkenstock beat market expectations for fourth-quarter revenue on Wednesday, helped by robust full-price sales of the German footwear maker's pricey sandals in the United States and Asia.

With fresh styles becoming a priority for consumers, particularly in its largest market in the Americas, Birkenstock's sandals and close-toed clogs alike have drawn new customers to its stores.

This has also allowed the company to raise prices for clogs, which increased 8% in the fiscal year ended Sept. 30.
Birkenstock's shares were marginally lower in premarket trading after the company forecast fiscal 2025 revenue growth below market expectations.