Birkenstock preliminary Q1 revenue up 17.8% in constant currency

Overview

• Footwear brand's preliminary fiscal Q1 revenue grew 17.8% in constant currency

• Preliminary Q1 revenue of €402 mln missed analysts' expectations

Outlook

• Company did not provide specific guidance for future quarters or fiscal year

Result Drivers

• CURRENCY IMPACT - Revenue growth of 17.8% in constant currency was affected by US Dollar depreciation against the Euro

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the footwear peer group is "buy"

• Wall Street's median 12-month price target for Birkenstock Holding PLC is $60.00, about 38.1% above its January 9 closing price of $43.46

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nEQ1VHXxKa

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