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Birkenstock shares edge higher on Q4 results beat, 2025 forecast

Investing.comDec 18, 2024 11:18 AM
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Investing.com -- Birkenstock (NYSE:BIRK) reported better-than-expected results for the fourth quarter of fiscal 2024, sending its shares rising 1.6% in premarket trading Wednesday.

The German shoemaker posted adjusted earnings per share (EPS) of €0.29 for the quarter, up from €0.14 in the same period last year, and exceeding analyst estimates of €0.26.

Revenue rose 22% year-over-year to €455.8 million, also surpassing expectations of €439.29 million.

Regional performance was strong, with revenue in the Americas increasing 20% to €225.3 million, ahead of the €213.2 million forecast. European revenue also grew 20%, reaching €171.8 million, slightly above the €167.8 million estimate.

Adjusted EBITDA came in at €125 million, beating the forecast of €115.9 million.

However, the gross profit margin declined to 59% from 65.4% a year ago, missing the estimated margin of 60.1%.

Looking ahead, Birkenstock expects its adjusted EBITDA margin to range between 30.8% and 31.3%, aligning with analyst expectations of 31%.

It also anticipates revenue growth at constant currency between 15% and 17% for 2025.

Birkenstock also expects its 2025 gross profit margin to approach its long-term target of 60%.

The effective tax rate is projected to be around 30%, with capital expenditures estimated at approximately €80 million for the year.

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