Birkenstock Holding plc (BIRK) has released an update.
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Birkenstock Holding plc has announced a record-breaking third quarter in fiscal 2024, with revenues soaring by 19% compared to the previous year, a signal of robust and increasing consumer demand. The company experienced substantial growth across all segments and geographies, particularly noting a 41% rise in the Asia-Pacific Middle East and Africa region. Despite a slight dip in gross profit margins due to production capacity expansion, the company’s net profit rose by 18%, and they remain optimistic about reaching their long-term financial targets.
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