Birkenstock Gains on Growing Strength in North America
The footbed sandal maker raised its revenue guidance following a strong performance in the fiscal second quarter ended Mar. 31, now expecting 19% growth to €1.77 to €1.78 billion compared to the prior guide of €1.74 to €1.76 billion. Net income was up 45% to €71,652,000 ($78.1 mm) over €49,393,000 on 22% higher sales of €481,244,000 ($524.8 mm) from €395,683,000, a record result. The top line benefited from both volume and ASP growth as premium and closed-toe silhouettes picked up steam while the five core silhouettes posted 20% growth. B2B was ... Log in to view full article.