The earnings call reflected strong growth in revenue and strategic expansion, particularly in the APMA region, and successful membership growth. However, there were challenges in maintaining gross margins and fully leveraging production capacity. The sentiment is balanced with significant growth achievements countered by some operational challenges.

Company Guidance

In the BIRKENSTOCK Fourth Quarter and Fiscal Year 2024 earnings call, the company reported impressive financial metrics, achieving 22% revenue growth in constant currency, with adjusted EBITDA margin hitting 30.8%, surpassing their expectations. The APMA region led the growth with a 42% increase, while the Americas and Europe delivered robust growth rates of 19% and 21%, respectively. BIRKENSTOCK's own retail revenue grew over twice the pace of the overall business, fueled by the opening of 20 new stores globally. The company's wholesale business expanded by 23%, predominantly within existing doors, reflecting strategic partnerships and increased shelf space for the brand. The Direct-to-Consumer (D2C) segment grew 21%, maintaining a 40% penetration rate. BIRKENSTOCK's guidance for fiscal 2025 projects continued revenue growth between 15% and 17%, with an expected EBITDA margin improvement to between 30.8% and 31.3%.

Strong Revenue Growth

Fiscal 2024 results showed 22% revenue growth in constant currency, extending a decade-long track record of 20%+ compounded annual growth.

Adjusted EBITDA Margin Success

2024 adjusted EBITDA margin was 30.8%, beating the high end of expectations.

APMA Region Expansion

APMA business grew by 42%, nearly double the overall business pace, with significant retail expansion in the region.

Increase in Store Fleet

20 new stores opened globally in fiscal 2024, with plans to increase the door fleet by 50% in fiscal 2025.

Membership Growth

Membership base grew over 30% during the year to over 8 million, with members spending more than nonmembers.

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Birkenstock Holding plc (BIRK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BIRK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 18, 2024	2023 (Q4)	0.09 / 0.09	-0.135	168.70% (+0.23)
Feb 29, 2024	2024 (Q1)	- / -	-0.131	―
May 30, 2024	2024 (Q2)	0.37 / 0.42	0.384	9.92% (+0.04)
Aug 29, 2024	2024 (Q3)	0.53 / 0.50	0.435	16.11% (+0.07)
Dec 18, 2024	2024 (Q4)	0.27 / 0.30	0.134	123.08% (+0.16)
Feb 20, 2025	2025 (Q4)	0.16 / -	0.09	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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BIRK Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 18, 2024	$56.06	$57.16	+1.96%
Aug 29, 2024	$60.70	$50.90	-16.14%
May 30, 2024	$49.99	$55.82	+11.66%
Feb 29, 2024	$51.23	$50.01	-2.38%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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