FMP
May 30, 2024 11:51 AM - Davit Kirakosyan
Birkenstock Holding (NYSE:BIRK) saw its shares surge by 11% in pre-market today after the shoemaker reported Q2 earnings and revenue that exceeded analyst expectations and raised its full-year guidance.
The company reported earnings per share (EPS) of EUR 0.38 for the quarter, surpassing the analyst estimates of EUR 0.35. Revenue increased to EUR 481.2 million, beating the consensus projection of EUR 465.4 million. Birkenstock's adjusted EBITDA was EUR 162.3 million, exceeding the EUR 145.8 million expected by analysts.
The company updated its fiscal 2024 revenue forecast to EUR 1.77-1.78 billion, compared to the consensus estimate of EUR 1.75 billion. This new forecast represents a year-over-year growth of 20%, up from the previous guidance range of 17%-18%.
Additionally, Birkenstock now expects 2024 adjusted EBITDA to be between EUR 535 million and EUR 545 million, an increase from the prior guidance of EUR 520 million to EUR 530 million.
The company also reaffirmed its medium to long-term profitability goals, targeting a gross profit margin of around 60% and an adjusted EBITDA margin exceeding 30%.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...