FMP
Birkenstock Stock Surges 11% Following Strong Q2 Results
May 30, 2024 11:51 AM - Davit Kirakosyan
Image credit: FMP
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%.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
