Apex Trader Funding - News
Birkenstock's Q2 Revenue Rises 22%, Beats Expectations With Strong Global Demand: Details
Birkenstock Holding plc (NYSE:BIRK) shares are trading higher after the company reported the second quarter fiscal 2024 results.
Revenue grew 22% on a reported basis (+23% Y/Y on a constant currency basis) EUR 481 million, led by continued strong consumer demand for its products across all segments, channels, and categories.
Adjusted EPS stood at EUR 0.41, flat Y/Y, in the quarter.
In USD, revenue of $522.657 million beat the street view of $506.26 million, and adjusted EPS of $0.45 exceeded the consensus of $0.40.
The company witnessed strong revenue growth across all segments, with an increase of 21% Y/Y in the Americas, 42% Y/Y in APMA and, 21% Y/Y in Europe on a constant currency basis. DTC and B2B revenue grew 32% Y/Y and 20% Y/Y on a constant currency basis.
Gross margin declined 320 basis ...