Birkenstock misses quarterly revenue estimates as consumers pull back on discretionary spending

Reuters
Feb 12
Birkenstock misses quarterly revenue estimates as consumers pull back on discretionary spending

Feb 12 (Reuters) - Birkenstock BIRK.N missed Wall Street expectations for first-quarter revenue on Thursday, as cautious consumers and uneven demand in some regions weighed on overall sales.

The company posted first-quarter revenue of 401.9 million euros ($477.58 million), missing analysts' estimate of 402.1 million euros, according to data compiled by LSEG.

($1 = 0.8415 euros)

(Reporting by Angela Christy in Bengaluru; Editing by Pooja Desai)

((AngelaChristy.M@thomsonreuters.com;))

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