Birkenstock Holding Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St · 08/31 13:10

Birkenstock Holding (NYSE:BIRK) Third Quarter 2024 Results

Key Financial Results

  • Revenue: €564.8m (up 19% from 3Q 2023).
  • Net income: €74.6m (up 18% from 3Q 2023).
  • Profit margin: 13% (in line with 3Q 2023).
  • EPS: €0.40 (up from €0.34 in 3Q 2023).
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NYSE:BIRK Earnings and Revenue Growth August 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Birkenstock Holding EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are down 22% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Birkenstock Holding that you need to take into consideration.