Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessBirkenstock Reports Q1 Beat, But Shares Drop 6 percent

Birkenstock Reports Q1 Beat, But Shares Drop 6 percent

Add to Favorite
Added to Favorite


Birkenstock Holding (NYSE:BIRK) reported fiscal first-quarter revenue and adjusted EBITDA that exceeded expectations, affirming its 2024 forecast. However, the company’s shares dropped more than 6% intra-day today.
The company disclosed a per-share loss of $0.04 for the quarter, with revenue reaching $302.9 million, marking a 26% increase from the previous year and exceeding the $288.2 million forecast.
The company highlighted a 30% growth in direct-to-consumer (DTC) sales on a constant currency basis, raising DTC’s revenue share by 100 basis points to 53%. Additionally, there was a 22% increase in business-to-business (B2B) revenue, also on a constant currency basis.

Subscribe to get Latest News Updates

Latest News

You may like more
more

BlackRock Surpasses Q1 2024 Earnings Estimates – A Financial Triumph

BlackRock, Inc. (NYSE:BLK) Surpasses Q1 2024 Earnings Estimates On Friday,...

Fastenal Company (FAST) Q1 2024 Earnings Miss Estimates

Fastenal Company (FAST) Earnings Report Highlights On Thursday, April 11,...

State Street Corporation Exceeds Q1 2024 Earnings and Revenue Forecasts

State Street Corporation's Impressive Earnings Report On Friday, April 12,...