Birkenstock Raises Guidance, Buys Another Factory
In advance of an investor meeting, BIRK announced that its full-year revenues would be at least €2.09 billion ($2.38 bb), up 16% on a reported basis and 17.5% higher constant currency, coming in above the latest guidance for 15% to 17% growth. The fiscal fourth quarter that ends Sep. 30 will see at least €520 million in sales, representing 14% growth (+18% CC). Americas sales are up 18% CC year-to-date at €835 million ($977 mm), and EMEA grew by 13% to €574 million, while the smaller APAC region posted a 32% ... Log in to view full article.