Birkenstock HoldingNYSE: BIRK

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 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.

This week's Bloomberg Businessweek article explores how the 250-year-old German orthopedic shoe company with Succession-level family drama transformed itself into a luxury behemoth. Shares in the company have rallied nearly 30% over the past month since it posted robust earnings and raised its forecast for the year as consumers snapped up its high-end sandals and clogs.

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.

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.

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.

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 (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.

Birkenstock, the sandal maker, opened 12% higher after it upgraded its full-year revenue and profit forecasts following strong demand and increased full-price selling. Revenues for the 2024 financial year are now expected to reach between €1.77 billion and €1.78 billion, a lift from initial guidance of between €1.74 billion and €1.76 billion.