Birkenstock Q4 Fiscal 2024 Results

Investing.com — Birkenstock (NYSE:BIRK) reported better-than-expected results for Q4 of fiscal 2024, leading to a 1.6% rise in shares during premarket trading on Wednesday.

The German shoemaker posted adjusted earnings per share (EPS) of €0.29, up from €0.14 in the same period last year and exceeding analyst estimates of €0.26.

Revenue increased 22% year-over-year to €455.8 million, surpassing expectations of €439.29 million.

Regional performance was robust, with revenue in the Americas up 20% to €225.3 million, beating the forecast of €213.2 million. European revenue also grew 20%, reaching €171.8 million, slightly above the estimate of €167.8 million.

Adjusted EBITDA stood at €125 million, exceeding the forecast of €115.9 million.

However, the gross profit margin fell to 59%, down from 65.4% a year earlier and missing the estimated margin of 60.1%.

Looking ahead, Birkenstock anticipates an adjusted EBITDA margin between 30.8% and 31.3%, in line with analyst expectations of 31%. The company also forecasts revenue growth at constant currency between 15% and 17% for 2025.

Birkenstock predicts its 2025 gross profit margin will approach its long-term target of 60%. The effective tax rate is estimated to be around 30%, with capital expenditures projected at approximately €80 million for the year.