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Why Birkenstock's Shares Soared This Week
Shares of Birkenstock (NYSE: BIRK) -- famous for its contoured footbed sandals -- were up 11% this week as of 3:30 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.The vertically integrated footwear specialist reported second-quarter earnings on Thursday, delivering sales and adjusted earnings-per-share growth of 19% and 34%.Management also said that 2025 revenue growth should hit the high end of its 15% to 17% guidance, and it also increased its expectations for profitability.Continue reading
Shares of Birkenstock (NYSE: BIRK) -- famous for its contoured footbed sandals -- were up 11% this week as of 3:30 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
The vertically integrated footwear specialist reported second-quarter earnings on Thursday, delivering sales and adjusted earnings-per-share growth of 19% and 34%.
Management also said that 2025 revenue growth should hit the high end of its 15% to 17% guidance, and it also increased its expectations for profitability.
