The footbed sandal maker’s bottom line swung to €20,119,000 ($21.3 mm) in net income against last year’s loss of €7,154,000 for the fiscal first quarter ended Dec. 31 as revenue posted a 19% gain to €361,719,000 ($383.4 mm) over €302,924,000 on strong demand throughout the season. Unit growth was up double-digits for the quarter as ASP grew in the mid-singles. Despite the stellar quarter, BIRK maintained its FY ‘25 guidance for revenue growth between 15% and 17% CC, and gross margins improving towards the long-term target of 60%. Management expressed concern ... Log in to view full article.