Consumer
Birkenstock Maintains Outlook as Demand for Sandals Holds Up
Birkenstock has benefited from growing demand for its closed-toe sneakers, boots, clogs and slippers.
Photographer: Ethan Swope/Getty ImagesBirkenstock Holding Plc affirmed its forecast after sales rose roughly in line with estimates in the latest quarter, as the German sandalmaker tries to maintain momentum in the face of US tariffs and currency swings.
Sales rose 14% on a constant-currency basis to €618 million ($724 million) in the quarter that ended in March. Analysts expected €620 million. Birkenstock’s adjusted gross profit margin of 54.6% was also slightly below estimates.