Birkenstock Lifts Outlook, Buys Factory to Make More Clogs

Birkenstock Holding Plc nudged its sales forecast higher amid strong demand for its sandals and clogs, and set out plans for a new factory near Dresden to boost production.

Revenue will probably grow 17.5% on a constant currency basis in the fiscal year that ends this month, above the 17% top end of its previous forecast range, the German shoemaker said Thursday. It projected fourth-quarter sales of at least €520 million ($611 million), slightly ahead of analyst forecasts.