Birkenstock reported strong revenue growth for the three months ending December 31, with sales rising 18% at constant currency to 402 million euros ($477 million), surpassing its prior full-year growth guidance of 15%.

The company continues to face margin pressure and investor concerns. Its share price has fallen 29% over the past year and remains below its 2023 IPO price of $46. Adjusted gross margin declined to 57.4% from 60.3% a year earlier, affected by a weaker U.S. dollar and new tariffs. Adjusted EBITDA reached 106 million euros ($126 million), slightly above last year and in line with expectations.

Birkenstock has been expanding its closed-toe footwear offering, which accounted for about 38% of total sales last year, helping performance during colder seasons. Demand remained strong across the globe, with constant-currency sales rising 14% in the Americas, 17% in the EMEA region, and 37% in Asia-Pacific, supported by momentum among younger consumers and strong results in retail and sporting-goods channels.

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