May 15 (Reuters) - German footwear maker Birkenstock ( BIRK )
raised its annual forecasts on Thursday, as
second-quarter sales grew more than expected and the company
sees strong demand for its pricier range of sandals and clogs.
Shares of the company were up about 4% in premarket trading.
Newer iterations of Birkenstock ( BIRK ) products such as Arizona
Essentials and Madrid Big Buckle have been helping in attracting
more shoppers, in turn lifting sales momentum even amid
lingering tariff uncertainty.
"We expect that the tariff situation may create a unique
shift in consumer behavior in the footwear category with a split
between the few brands, like Birkenstock ( BIRK )," said CEO Oliver
Reichert.
The company now expects its fiscal 2025 revenue to be at the
high end of its previous forecast range of 15% to 17% in
constant currency basis.
It also said its annual earnings before interest, taxes,
depreciation and amortization (EBITDA) margin would be between
31.3% and 31.8%, up from the 30.8% to 31.3% previously forecast.
The company posted quarterly revenue of 574.3 million
($643.73 million) euros, compared with analysts' estimates of
567.7 million euros as per data compiled by LSEG.
On an adjusted basis, the company posted quarterly profit of
0.55 euros per share, compared with analysts' estimates of 0.54
euros as per data compiled by LSEG.
($1 = 0.8921 euros)