Birkenstock Holding plc has reported its fiscal third quarter 2025 results, showing a 12% increase in revenue to EUR 635 million compared to the same quarter in fiscal 2024. On a constant currency basis, this represents a 16% growth, driven by continued strong demand across all segments, channels, and categories. The company's gross profit margin improved to 60.5%, up 100 basis points, and the Adjusted EBITDA margin rose to 34.4%, up 140 basis points from the third quarter of fiscal 2024. Despite currency headwinds, Birkenstock remains on track to achieve its fiscal 2025 revenue growth target at the high end of the 15-17% range in constant currency. The company also continues to forecast an adjusted EBITDA margin between 31.3% and 31.8%. In the third quarter, the company generated EUR 261 million in cash flows from operating activities, which were down EUR 21 million year-over-year due to the timing of tax payments and changes in working capital. Additionally, Birkenstock repurchased and cancelled 3.9 million shares for EUR 176 million, reducing the average shares outstanding for the quarter by 1.3 million, with a total of 183.9 million shares outstanding as of June 30, 2025. Oliver Reichert, CEO of BIRKENSTOCK, highlighted the strong foundation of the brand and affirmed the company's ability to manage current challenges through pricing adjustment, cost discipline, and inventory management.