One way of seeing how two European footwear companies have performed on the stock market since going public one in New York, one in London, should set alarm bells ringing across continental financial hubs, not just the UK
Birkenstock reported quarterly adjusted earnings of 14 cents per share which beat the analyst consensus estimate of 8 cents by 75%. The company reported quarterly sales of $407.67 million, beating the analyst consensus estimate of $303.31 million by 34.41%.
Birkenstock Reports 20% Revenue Growth in FY23, Reaching €1.49 Billion: Driven by a 6% increase in units sold and a 14% rise in average selling price, Birkenstock's direct-to-consumer (DTC) segment saw a significant 29% revenue jump, bolstering the company's robust financial performance.