BUZZ-Birkenstock drops after maintaining annual sales, margin forecast

German footwear maker Birkenstock's shares BIRK.N down 5% at $52.01 premarket

BIRK maintains FY2025 revenue and margin forecasts

Expects revenue growth in the range of 15% and 17%; adjusted EBITDA margin between 30.8% and 31.3%

However, company beats Wall Street expectations for Q1 revenue on strong holiday-driven demand for its expensive cork-based sandals and shoes

Logs revenue of 361.7 million euros ($377.65 million) vs estimates of 356.2 million euros - data compiled by LSEG

Stock gained 16% in 2024

($1 = 0.9578 euros)