Here's Why Birkenstock Stock Dropped Nearly 16% Last Month
Birkenstock didn't grow direct-to-consumer revenue as much as investors hoped, which modestly affected sales and profits. The company is still setting records and has great margins, so it's worth paying attention to for now.
Birkenstock: Buy The Dip
Birkenstock shares fell over 20% post-lackluster Q2 results, but I recommend buying the dip due to strong growth prospects, especially in Asia. Despite weaker-than-expected near-term growth, Birkenstock maintains its full-year outlook and offers a more reasonable valuation at current share prices near $50. Birkenstock's high gross margins and double-digit revenue growth, particularly in under-penetrated Asian markets, present an attractive long-term investment opportunity.
Birkenstock: Stock Is Still Not Attractive After Price Drop
Birkenstock's Q3 2024 showed an impressive 19% YoY revenue growth, but the stock price dropped 20% due to a revenue and earnings miss. Despite strong performance, high valuations and fashion risk make Birkenstock's stock inherently risky, leading me to maintain a Hold rating. The company's shift from DTC to B2B impacted gross margins, but management's guidance of 20% topline growth and 30% EBITDA margins remains intact.
Birkenstock's Sudden Slide—Why It Might Be Your Next Big Win
Birkenstock NYSE: BIRK has been on a strong run since going public in October 2023. Shares were up 54% prior to the release of its fiscal Q3 earnings on Aug. 29.
Birkenstock: Decelerating Growth And Inflated Valuations Do Not Mix Well
Birkenstock's shares trade at a very high valuation despite decelerating revenue growth, contracting gross profit margins, and insiders selling. The company's third-quarter results missed revenue and profit expectations, and forward guidance was weak. Birkenstock's strategy of creating artificial scarcity is risky and could backfire, giving competitors an opportunity to capture unmet demand.
Birkenstock shares plunge more than 15% after sandal maker misses profit estimates
The company has focused on expanding its retail fleet and boosting production, which squashed margins.
Why Birkenstock Stock Got Knocked Down Today
Birkenstock delivered financial results that met management's guidance, which means its guidance for the year is unchanged. The stock is expensive, and investors are taking profits.
Birkenstock Holding plc (BIRK) Q3 2024 Earnings Call Transcript
Birkenstock Holding plc (NYSE:BIRK ) Q3 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Megan Kulick - Director of Investor Relations Oliver Reichert - Director and Chief Executive Officer Erik Massmann - Chief Financial Officer David Kahan - President, Americas Alexander Hoff - Vice President of Global Finance Conference Call Participants Simeon Siegel - BMO Capital Markets Laurent Vasilescu - BNP Paribas Paul Lejuez - Citibank Jay Sole - UBS Matthew Boss - JPMorgan Micheal Binetti - Evercore Mark Altschwager - Baird Sharon Zackfia - William Blair Sam Poser - Williams Trading Dana Telsey - Telsey Group Louise Singlehurst - Goldman Sachs Jim Duffy - Stifel Operator Good morning and thank you for standing by. Welcome to Birkenstock's Third Quarter Fiscal 2024 Earnings Conference Call.
Birkenstock shares drop as quarterly financials disappoint
Birkenstock Holding PLC (NYSE:BIRK) shares traded more than 12% lower in Thursday's early deals after the designer clogs brand reported a disappointing third-quarter performance Key financials fell short of analyst expectations and margins reduced, by 220 basis points to 59.5%, with the German firm citing higher costs due to the cost of global expansion and increased production. Revenue was up 19% year-over-year to €564.8 million, slightly below the forecasted €565.2 million which was slightly less than a consensus estimate of €565.2 million.
Are Consumer Discretionary Stocks Lagging Birkenstock Holding PLC (BIRK) This Year?
Here is how Birkenstock (BIRK) and Madison Square Garden Entertainment (MSGE) have performed compared to their sector so far this year.
Are Consumer Discretionary Stocks Lagging Birkenstock Holding PLC (BIRK) This Year?
Here is how Birkenstock (BIRK) and Skechers (SKX) have performed compared to their sector so far this year.
Are Consumer Discretionary Stocks Lagging Birkenstock Holding PLC (BIRK) This Year?
Here is how Birkenstock (BIRK) and H&R Block (HRB) have performed compared to their sector so far this year.
