1205 GMT - Birkenstock Holding's results demonstrate the strength of the brand and the of the business model to navigate the current uncertain environment, Citi analysts say in a research note. The German shoe brand reported second-quarter revenue of 574.3 million euros, 19% higher on year in reported terms and ahead of consensus expectations of 566.3 million euros, according to a Visible Alpha poll. It also raised its earnings forecast for the year through Sept. 30 and said it expects constant-currency revenue growth to come in toward the high end of its previously guided range. The New-York listed group seems a winner amid the current uncertain macroeconomic environment, the analysts say. Shares will likely trade higher today on the back of the revenue beat and the guidance raise, they add. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 08:05 ET (12:05 GMT)
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