Birkenstock misses sales estimates as consumers cut back on spending-November 2024-www.financetom.com

Birkenstock misses sales estimates as consumers cut back on spending

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Birkenstock misses sales estimates as consumers cut back on spending

Aug 29, 2024 2:55 AM

Aug 29 (Reuters) - Birkenstock ( BIRK ) missed

expectations for third-quarter revenue on Thursday as customers

held back from spending on pricey footwear, such as the German

sandal maker's cork-based shoes, amid still-high costs of

living.

The company reported quarterly revenue of 564.8 million

euros ($626.1 million), compared with analysts' estimates of

565.2 million euros, according to LSEG data.

($1 = 0.9021 euros)

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