Birkenstock (BIRK) Announced Q1 2026 Earnings on February 12, 2026, Reporting Revenues of €402 Million

Birkenstock reported "revenues of €402 million, up 11% on a reported basis and 18% in constant currency". The company delivered "Adjusted EBITDA in the first quarter of €106 million," representing an "Adjusted EBITDA margin of 26.5%". "Adjusted net profit" was "€49 million" and "Adjusted EPS for Q1 was €0.27".Management highlighted that "B2B business outperformed DTC during the quarter," with B2B up "24% in constant currency while DTC was up 12%". In terms of products, "closed-toe share of revenue reached close to 60% of revenue". The company also "added nine new stores, ending the quarter with 106 stores" and noted that their "membership program... is up over 20% year over year".Looking ahead, the company expects "revenue growth of 10% to 12% to €2.30-€2.35 billion" for the full year. They project "Adjusted gross margin of 57% to 57.5%" and "adjusted EBITDA margin of 30% to 30.5%". Management also announced they "intend to repurchase shares for total consideration of €200 million during fiscal 2026".