Birkenstock raises annual revenue forecast-March 2024-www.financetom.com

Birkenstock raises annual revenue forecast

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Birkenstock raises annual revenue forecast

May 30, 2024 2:26 AM

May 30 (Reuters) - Birkenstock ( BIRK ) raised its

annual revenue forecast on Thursday, as the German sandal maker

bets on benefits from full-price selling and strong demand for

its closed-toe silhouettes and cork-based sandals.

The company now expects fiscal 2024 revenue between 1.77

billion euros ($1.91 billion) and 1.78 billion euros, compared

with its prior forecast of 1.74 billion euros to 1.76 billion

euros.

($1 = 0.9246 euros)

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by

Devika Syamnath)

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