Birkenstock (NYSE:BIRK) shares were little changed in early trading Thursday after the luxury sandal maker reported fiscal first-quarter earnings that met Wall Street expectations, navigating a complex landscape of currency fluctuations and rising U.S. tariffs.
The London-based company posted net income of $58.9 million, or $0.31 per share, for the quarter ended Dec. 31, 2025—a sharp 151% increase over the same period last year.
Adjusted earnings also landed at $0.31 per share, perfectly aligning with the consensus among nine analysts surveyed by Zacks.
Revenue rose to $467.9 million (€401.9 million), driven by an 18% surge in constant-currency growth across all regions, particularly in Asia-Pacific and Europe.
However, the reported top line fell just shy of the $469.9 million target as a weaker U.S. dollar and new trade levies pressured the conversion of overseas sales.
Despite the marginal revenue miss, CEO Oliver Reichert highlighted the company's "strong holiday demand" and the successful expansion of its closed-toe product lines.
The company continues to invest heavily in its manufacturing footprint, including a new site in Wittichenau, while reaffirming its 2026 revenue growth target of 13% to 15%.