The German footwear company reported a 13.3 percent revenue increase despite a 15.2 percent drop in quarterly profits.
Birkenstock Holding plc shares climbed over 17 percent after reporting third-quarter revenue of 719.5 million euros, up 13.3 percent year-over-year. Profits fell 15.2 percent to 109.6 million euros, or 60 cents per diluted share, from 129.2 million euros in the same period last year.
Adjusted EBITDA margin reached 33.7 percent, exceeding consensus estimates of 33.1 percent. Revenue growth was driven by double-digit increases across all regions, with the Americas up 11.0 percent, EMEA up 15 percent, and Asia-Pacific up 18 percent. Direct-to-consumer sales rose 14 percent, while wholesale revenue grew 13 percent.
Gross profit margin declined 140 basis points to 59.1 percent due to foreign exchange headwinds and U.S. tariffs. The company raised its fiscal 2026 outlook, citing strong demand and expansion in closed-toe shoe offerings.