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Birkenstock's Fiscal Q2 Adjusted Earnings Flat, Revenue Rises
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Birkenstock's Fiscal Q2 Adjusted Earnings Flat, Revenue Rises
May 30, 2024 3:52 AM

06:16 AM EDT, 05/30/2024 (MT Newswires) -- Birkenstock Holding ( BIRK ) reported fiscal Q2 adjusted earnings Thursday of 0.41 euro ($0.44) per diluted share, unchanged from a year earlier.

Analysts polled by Capital IQ expected 0.36 euro.

Revenue for the quarter ended March 31 was 481.2 million euros, up from 395.7 million euros a year earlier.

Analysts polled by Capital IQ expected 462.3 million euros.

The company raised its fiscal year 2024 revenue outlook to 1.77 billion euros to 1.78 billion euros, from 1.74 billion euros to 1.76 billion euros. Analysts surveyed by Capital IQ expect 1.75 billion euros.

The company's shares surged almost 10% during recent pre-market activity Thursday.

Price: 54.97, Change: +4.98, Percent Change: +9.96

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