Birkenstock Holding plc (BIRK) Announced Q3 2026 Earnings on August 13, 2026, Reporting "third quarter revenues of EUR 720 million"

Birkenstock Holding plc reported its fiscal third quarter 2026 financial results, stating "We generated third quarter revenues of EUR 720 million, growth of 13% on a reported basis." For the quarter, "Growth in constant currency was 15%". The "Adjusted gross profit margin for the third quarter was 59.2%, down 130 basis points year-over-year". The company reported "Adjusted EBITDA in the third quarter of EUR 242 million", which was "up 11% year-over-year", with an adjusted EBITDA margin of 33.7%. "Adjusted net profit was EUR 134 million in the third quarter, up 15% year-over-year" and "Adjusted EPS for Q3 was EUR 0.74, up 19% from EUR 0.62 a year ago." Operating cash generated during the third quarter was EUR 247 million, compared to "EUR 261 million in the prior year".Chief Executive Officer Oliver Reichert stated, "We performed exceptionally well in Q3 and once again demonstrated the strength of our brands." He reported that "Closed-toe penetration was up 500 basis points". Within the channels, "DTC growth accelerated to 16% in constant currency" and "own retail revenue grew 50% in constant currency." The company added 13 new owned stores, "bringing our total to 124" and is "on track to meet our target of approximately 140 doors by the end of fiscal '26." Regionally, "Our Americas business was up 14% in constant currency", growth in EMEA was "15%", and APAC grew "23% in constant currency." Management also noted, "We returned capital to shareholders by repurchasing EUR 230 million in shares" and completed debt refinancing where "we repaid EUR 428.5 million of 5.25% senior notes due 2029 and issued EUR 900 million new senior notes due 2033 at 4.5%."For the full fiscal year 2026 outlook, management raised its guidance, stating "we raised our guidance for revenue growth to 15% in constant currency and adjusted EBITDA of at least EUR 710 million." For the full year, the company continues to expect "adjusted gross margin of 57% to 57.5% and adjusted EBITDA margin of 30.2% to 30.5%." Full-year adjusted EPS is expected to be "EUR 1.90 to EUR 2.05", and CapEx is projected to be "in the range of EUR 110 million to EUR 130 million." The net leverage target for the end of fiscal 2026 is "approximately 1.6 to 1.7x."In product updates, management highlighted innovation with its premium "1774 collection", introducing "new Raffia, Canvas and premium leather executions in Naples, Boston, Arizona and Gizeh." The company also "collaborated most recently with Song for the Mute, Ader Error and Repetto," which was "a very successful launch targeting the female-led and growing popularity of ballet flats." This was accompanied by "strong demand for the Mary Jane style, Santa Clarita". Among clog executions, "the Naples grew by more than 4x the units sold year-over-year", and shoe growth was led by "Utti, a lace-up moc-toe, which more than doubled in units sold year-over-year."