Dec 18 (Reuters) - Birkenstock ( BIRK ) beat market
expectations for fourth-quarter revenue on Wednesday, helped by
robust full-price sales of the German footwear maker's pricey
sandals.
With fresh and popular styles becoming a priority for
consumers, particularly in its largest market in the Americas,
Birkenstock's ( BIRK ) sandals and close-toed clogs alike have drawn
loyal customers to its stores, allowing the company to sell more
products at full price.
The company, which debuted on the New York Stock Exchange in
October 2023, invested in expanding its store presence in
markets such as Japan and China, as well as increasing its
manufacturing capacity this year to meet global demand.
Birkenstock ( BIRK ) reported fourth-quarter revenue of 455.8 million
euros ($478.27 million), compared with the average analyst
estimate of 439.2 million euros, according to data compiled by
LSEG.
($1 = 0.9530 euros)