Birkenstock stock slips as dollar dents Q1 revenue
Birkenstock expects fiscal first quarter revenue of €402 million, up 11.1% reported and 17.8% in constant currency.
Birkenstock (NYSE:BIRK) stock was stubbed, losing nearly 3% in early trade, by tougher forex conditions.
It told investors on Monday that it expects fiscal first quarter revenue of €402 million for the quarter ended December 31, 2025.
The German sandal maker company said, in a stock market statement, that it represents year-over-year growth of 11.1% on a reported basis, and 17.8% in constant currency.
It said the gap is primarily due to significant depreciation of the US Dollar versus the Euro in the quarter, compared to the same period last year.
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The footwear brand will report its full first quarter financial results on 12 February before the US market open.
On Monday morning, the sandal stock lost $1.30 or 2.99% to $42.16.
The Recap
- Birkenstock expects fiscal Q1 revenue of €402 million.
- Year-over-year growth 11.1% reported, 17.8% in constant currency.
- Company will report full results and webcast on 12 February.
