2 Stocks to Celebrate Schaeffer's 43 Years
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Is Birkenstock Holding PLC (BIRK) Stock Outpacing Its Consumer Discretionary Peers This Year?
Here is how Birkenstock (BIRK) and iPower Inc. (IPW) have performed compared to their sector so far this year.
Birkenstock Stock Rises After Bull Notes
Shares of footwear retailer Birkenstock Holding PLC (NYSE:BIRK) are 3.9% higher at $56.51 at last glance, following a pair of bull notes.
Birkenstock shares stumble after major shareholder sells large stake
Birkenstock Holding PLC (NYSE:BIRK) shares are set to stumble 5% lower after its major private equity shareholder offloaded a chunk of its stake. L Catterton, the private equity firm that joined forces with French fashion house LVMH to buy the German footwear brand three years ago, Birkenstock said a public offering would be made of 14 million shares, worth $836.9 million at the recent $59.78 share price, with Goldman Sachs and JPMorgan leading the sale and having a 30-day option to sell up to 2.1 million further shares if there is sufficient demand.
Birkenstock's biggest shareholder is selling some shares
Shares of Birkenstock Holding BIRK, -2.75% fell 3.8% after hours on Monday after the footwear maker announced the launch of a secondary public offering of 14 million shares. The offering is by an entity affiliated with L Catterton, a private-equity firm created in part by luxury-brand conglomerate LVMH that is Birkenstock's largest shareholder.
Footwear Stock Downgraded Amid Record Highs
Publicly traded since October, Birkenstock Holding PLC (NYSE:BIRK) is hitting all-time highs today, despite a downgrade from Goldman Sachs to "neutral" from "buy.
Birkenstock: Stellar Growth In Asia And Closed-Toe Shoes
Birkenstock stock remains a long-term hold despite a 20%+ run-up year to date. The company's Q2 earnings release showed slightly accelerating revenue growth, with continued performance in Asia and strong sell-through results in Europe. The company is also noting that closed-toe shoes, in particular clogs, are making up a larger share of its revenue.
Birkenstock Looks Like a Fit in Any Growth-Oriented Portfolio
Birkenstock Holding plc NYSE: BIRK delivered a stellar earnings report, and BIRK stock continues to soar as the broader market reprices equities in anticipation of higher-for-longer interest rates amidst persistent inflation.
Birkenstock Announces June Conference Participation
LONDON, UNITED KINGDOM / ACCESSWIRE / May 31, 2024 / Birkenstock Holding plc ("BIRKENSTOCK" or the "Company", NYSE:BIRK), today announces that senior management will participate at the following investor conferences: Baird Global Consumer, Technology & Services ConferenceDate: June 5th, 2024Presentation: 12:50 p.m. Eastern TimeLocation: New York City, NY 4th Annual Evercore ISI Consumer & Retail ConferenceDate: June 12th, 2024Presentation: 11:45 a.m.
Why Birkenstock Stock Hit an All-Time High Above $57 Per Share Today
Birkenstock continues to grow at a double-digit rate and earn a nice profit. The company's growth is best in regions where its penetration is low, suggesting it could keep growing as it expands internationally.
Birkenstock Hits Record High on Booming Demand
Shares of Birkenstock Holding Plc (BIRK) jumped to an all-time high Thursday when the maker of fashion footwear posted record second-quarter revenue and boosted its guidance on strong demand across all its segments.
Birkenstock Holding plc (BIRK) Q2 2024 Earnings Call Transcript
Birkenstock Holding plc (NYSE:BIRK ) Q2 2024 Earnings Call Transcript May 30, 2024 8:00 AM ET Company Participants Megan Kulick - Director of IR Oliver Reichert - Director and CEO Erik Massmann - CFO Nico Bouyakhf - President, Europe Alexander Hoff - VP of Finance David Kahan - President, Americas Klaus Baumann - CSO Conference Call Participants Matthew Boss - JPMorgan Randy Konik - Jefferies Dana Telsey - Telsey Group Sam Poser - Williams Trading Simeon Siegel - BMO Mark Altschwager - Baird Sharon Zackfia - William Blair Erwan Rambourg - HSBC Adrien Duverger - Goldman Sachs Paul Lejuez - Citibank Jesalyn Wong - Evercore Jim Duffy - Stifel Operator Good morning, and thank you for standing by. Welcome to Birkenstock's Second Quarter Fiscal 2024 Earnings Conference Call.
