The footbed sandal maker’s net loss slipped 22% to €7,154,000 ($7.7 mm) in the fiscal first quarter ended Dec. 31 from €9,187,000 on a matching 22% revenue gain to €302,924,000 ($326.1 mm) over €248,490,000, BIRK’s second reported quarter as a public company. Backing out IPO- and FX-related costs, adjusted net income was €16,714,000, down 37%. The top line was a Q1 record with all channels and geographies increasing double digits on ASP and unit growth, as closed toe silhouettes exceeded sandals for the first time with 53% penetration. DTC was up ... Log in to view full article.