Birkenstock Reports 22% Q2 Profit Drop Despite Revenue Growth, Confirms FY Outlook
BIRK is trading near its 52-week low of $33.06 (2.8% above the low).
Summary
Birkenstock Holding plc reported mixed fiscal second-quarter 2026 results, with revenue growing 8% (14% in constant currency) to EUR 618 million, which was within the company's guidance range. However, net profit declined significantly by 22% to EUR 82 million, and EPS fell 20% to EUR 0.45. Adjusted EBITDA also saw a 1% year-over-year decline, with margins contracting. This full earnings release provides more detail following an earlier Reuters report indicating a sales miss against analyst estimates. The substantial drop in profitability metrics, despite revenue growth, is a material concern for investors, especially with the stock trading near its 52-week low. While the company confirmed its full-year guidance for 13-15% constant currency revenue growth and 30.0-30.5% Adjusted EBITDA margin, the current quarter's performance highlights challenges in maintaining profitability amidst factors like unfavorable currency translation and incremental U.S. tariffs. Investors will closely watch future quarters to see if the company can improve its profit margins and achieve its ambitious full-year targets.
At the time of this announcement, BIRK was trading at $33.97 on NYSE in the Trade & Services sector, with a market capitalization of approximately $7B. The 52-week trading range was $33.06 to $59.50. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: EQS.