Birkenstock delivers a Q1 beat, maintains 2025 guidance; shares down

Investing.com - Birkenstock (NYSE:BIRK) shares reported better-than-anticipated results for the first quarter and kept its 2025 guidance unchanged. The company's US-listed shares fell 3% in premarket trading Thursday.

The German shoemaker posted Q1 earnings per share (EPS) of 0.18 euros, compared to the consensus estimate of 0.16 euros. Revenue for the quarter was 361.7 million euros, exceeding the expected 355.39 million euros.

Adjusted EBITDA came in at 102.1 million euros, marking a 25% year-over-year increase, and also ahead of the 91 million euros analysts had projected.

Operating profit rose 80% year-over-year to 64.0 million euros, slightly below the 66.5 million euros estimate.

The company reported a gross profit margin of 60.3%, compared to 61% a year earlier, and slightly above the expected 60.1%.

Looking ahead, Birkenstock reiterated its outlook for the fiscal 2025. The company still sees an adjusted EBITDA margin between 30.8% and 31.3%, in line with the 31.1% estimate. It also continues to expect revenue growth of 15% to 17% at constant currency.

"Birkenstock is confirming its previous guidance for fiscal year 2025, still sees gross margin improvement, moving closer to its long-term target of 60%," it added.