NYSE$BIRK
Birkenstock Holding Ltd · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Birkenstock reported strong revenue growth and profitability for Q1 2025, exceeding expectations with a 19% revenue increase.
Birkenstock delivered a solid Q1 FY25, with revenue reaching EUR 361.72 million, up 19% year-over-year. Net profit improved significantly to EUR 20.12 million from a EUR 7.15 million loss last year. Adjusted EPS doubled to EUR 0.18, while operating income rose to EUR 64.03 million. The company maintained strong growth across all segments and geographies, with APAC leading at 47% revenue growth.
- Revenue increased by 19% year-over-year, reaching EUR 361.72 million.
- Net profit improved to EUR 20.12 million from a EUR 7.15 million loss last year.
- Adjusted EPS doubled to EUR 0.18 from EUR 0.09 a year ago.
- Strong revenue growth across all segments: APAC (+47%), EMEA (+17%), and Americas (+16%).
Headline financials
Revenue & EPS history
Birkenstock · Revenue · Quarterly
$386M
Revenue by segment
Birkenstock · $1.27B total across 5 segments · Q3 2025
- B2B$390M—30.8%
- Americas$312M—24.6%
- EMEA$259M—20.4%
- DTC$244M—19.2%
- APAC$63.2M—5.0%
Forward guidance
Birkenstock reaffirmed its FY25 guidance, expecting 15-17% revenue growth and an adjusted EBITDA margin of 30.8-31.3%. The company continues to invest in production capacity and store expansions, particularly in APAC.
Tailwinds
- Revenue expected to grow 15-17% in constant currency.
- Adjusted EBITDA margin forecasted at 30.8-31.3%.
- Gross margin improvement moving closer to 60%.
- Continued investment in production capacity to meet growing demand.
- Strong consumer demand, especially for closed-toe products.
Headwinds
- Gross margin impacted by a higher B2B revenue share.
- Seasonal fluctuations in working capital affecting cash flows.
- Foreign exchange fluctuations could impact financial performance.
- Competitive pressure in key markets may impact pricing strategy.
- Potential macroeconomic headwinds affecting consumer spending.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q1 2025
-5.8%
Avg return
Earnings day
-9.1%
Avg return
5 days after
-5.3%
Avg return
30 days after
14%
1 / 7 earnings
Positive
+3.4%
Q2 2026
Best reaction
-17.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +3.4% | -15.5% | +28.2% | |
| Q1 2026 | -11.5% | -8.0% | -17.1% | |
| Q3 2025 | -3.6% | -0.2% | -7.9% | |
| Q1 2025 | -1.2% | -7.0% | -17.2% | |
| Q3 2024 | -17.8% | -17.9% | -18.9% | |
| Q4 2023 | -7.3% | -8.7% | -1.5% | |
| Q1 2024 | -2.8% | -6.2% | -2.5% | |
| Q3 2023 | — | — | — | |
| Q1 2023 | — | — | — | |
| Q4 2022 | — | — | — | |
| Q3 2022 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — |
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