Record-Breaking Revenue and Growth
Birkenstock reported full year revenue growth of 18% in constant currency, reaching EUR 2.1 billion, the best year in its history. The company grew double digits in every segment and channel, with gross margin up 30 basis points to 59.1% and adjusted EBITDA margin up 100 basis points to 31.8%.
Strong Performance Across Regions
The APAC business grew at a rate of 34% in constant currency, increasing its share of global revenue to 11%. The Americas segment was up 18% in constant currency, and EMEA was up 14%.
Expansion of Retail Footprint
Birkenstock doubled its own store fleet to 97 stores, adding 30 new stores in the fiscal year, with plans to open about 40 new stores in 2026.
Significant Cash Flow and Debt Reduction
The company generated significant cash flow, allowing it to delever from 3.3x to 1.5x while investing over EUR 150 million into production capacity and buying back $200 million in shares.
High Demand and Brand Strength
Demand for Birkenstock remains strong across all segments, with a full price realization over 90%. The brand experienced a very strong back-to-school season with retail sales at top 10 partners increasing over 20% year-over-year.