Birkenstock misses quarterly sales estimates

Reuters
Aug 14
Birkenstock misses quarterly sales estimates

Aug 14 (Reuters) - Birkenstock BIRK.N missed Wall Street expectations for third-quarter revenue on Thursday, as affluent shoppers curbed spending on the German sandal maker's high-end footwear amid global economic uncertainty.

The company reported quarterly revenue of 635 million euros ($741.49 million), compared with analysts' average estimate of 636.74 million euros, according to data compiled by LSEG.

($1 = 0.8564 euros)

(Reporting by Savyata Mishra in Bengaluru; Editing by Shilpi Majumdar)

((Savyata.Mishra@thomsonreuters.com;))

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