Birkenstock Holding (BIRK) Company Overview

Birkenstock Holding PLC has received new support from CitiGroup analysts following the announcement that Ivica Krolo will take over as chief financial officer. Krolo is set to replace Erik Massmann next month, as stated by the sandal company on Tuesday.

LONDON, UK / ACCESSWIRE / January 10, 2025 / Birkenstock Holding plc ("BIRKENSTOCK" or the "Company") (NYSE:BIRK) has announced that it will release its financial results for the first quarter of fiscal 2025, which ended on December 31, 2024, on Thursday, February 20, 2025, before the US market opens. The Company will also hold a conference call and live webcast for investors at 8:00 a.m.

I prefer stocks that offer "growth at a reasonable price," such as Birkenstock, which has experienced about a 20% increase and strong results in the fourth quarter. Although Birkenstock's gross margins decreased in FY24 because of expanding facilities, they are anticipated to improve in FY25, getting closer to their long-term goals. The company is enhancing production efficiency and raising its average selling price by 8%, which is expected to lead to a yearly increase of up to 50 basis points in adjusted EBITDA.

I give Birkenstock a hold rating because there isn't much room for growth, even though the company has solid fundamentals and a good outlook. Their recent results are strong, showing a 22% year-over-year growth in the fourth quarter of 2024, with high demand in all areas. However, the management's cautious forecast of 15-17% growth for fiscal year 2025 indicates that while they might exceed expectations, the current valuation restricts potential gains.

Dana Telsey, an analyst from Telsey Advisory Group, has maintained an Outperform rating for Birkenstock Holding plc (BIRK) and set a price target of $70.

Birkenstock Holding plc (NYSE:BIRK) will hold its Q4 2024 Earnings Conference Call on December 18, 2024, at 8:00 AM ET. The call will feature key company participants, including the CEO, CFO, and other executives. Various analysts from major financial institutions will also be joining the call.

The stock of sandal brand Birkenstock (BIRK 5.69%) rose on Wednesday after the company announced its financial results for the fourth quarter of fiscal 2024, marking a successful year of growth and profit. By 9:45 a.m., the shares had gained value.

Birkenstock Holdings PLC (NYSE:BIRK) saw its shares rise by 8.8% to $61.00, reaching a peak of $62.45 earlier. This increase followed the company's announcement of fiscal fourth-quarter earnings and revenue that exceeded expectations.

Birkenstock Holdings (BIRK) reported stronger fourth-quarter results than analysts predicted on Wednesday and shared its outlook for its second full fiscal year as a public company, which caused its shares to rise.