Birkenstock (NASDAQ:BIRK) reported impressive fourth-quarter results, surpassing expectations on earnings and revenue, which pushed its shares up more than 3% in pre-market today.
The German footwear company posted adjusted earnings per share of €0.29, doubling the €0.14 reported in the same period last year and exceeding analyst forecasts of €0.26. Revenue climbed 22% year-over-year to €455.8 million, also beating expectations of €439.29 million.
Regional growth contributed significantly to the strong performance. Revenue in the Americas rose 20% to €225.3 million, outperforming the €213.2 million estimate. In Europe, revenue also grew by 20%, reaching €171.8 million and slightly exceeding the €167.8 million forecast.
Adjusted EBITDA stood at €125 million, surpassing projections of €115.9 million. However, the gross profit margin declined to 59% from 65.4% a year ago, falling short of the estimated 60.1%, reflecting some margin pressure.
Looking ahead to 2025, Birkenstock projects an adjusted EBITDA margin between 30.8% and 31.3%, in line with analyst expectations of 31%. Additionally, the company anticipates its gross profit margin for 2025 to approach its long-term target of 60%.