Birkenstock raises annual forecasts on strong demand
May 15 (Reuters) - German footwear maker Birkenstock BIRK.N raised its annual revenue growth forecast on Thursday, betting on the rising popularity of its trendy styles including clogs and closed-toe silhouettes to boost demand.
Newer iterations of Birkenstock products such as Arizona Essentials and Madrid Big Buckle have been helping in attracting more shoppers, in turn lifting sales momentum, even amid lingering tariff uncertainty.
The company now expects its fiscal 2025 revenue to be at the high end of its previous forecast range of 15% to 17% in constant currency basis.
It also said its annual earnings before interest, taxes, depreciation and amortization (EBITDA) margin would be between 31.3% and 31.8%, up from the 30.8% to 31.3% previously forecast.
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