Birkenstock's Q1 Net Income Surges, Revenue Exceeds Expectations
BIRKENSTOCK Holding PLC (BIRK) reported a fiscal first-quarter net income of $21.5 million, rebounding from a loss in the previous year.
Earnings and Revenue
* Net income: $21.5 million or 12 cents per share
* Adjusted EPS: 19 cents per share
* Revenue: $385.9 million
Analyst Consensus
BIRK's results surpassed Wall Street estimates, with earnings exceeding the average forecast of 16 cents per share. Revenue also topped the consensus of $370.4 million.
Stock Performance
Despite strong quarterly results, BIRK shares have declined 3.5% year-to-date. However, the stock has gained 11% over the past 12 months.