Birkenstock Shows Signs of Strong Brand Momentum

Dow Jones
08/13

1012 GMT - Birkenstock reported encouraging sales trends, which can be read as a sign of healthy brand momentum, analysts at Bernstein say. The German sandal maker logged third-quarter revenue of 719.5 million euros, 15% higher on year on a constant currency basis. This was ahead of the expected 14% rise, according to sell-side consensus, the analysts write in a research note. Both the direct-to-consumer and the wholesale channels recorded better-than-expected increases in revenue for the quarter, they add.

 

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