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Birkenstock Holding Analysts Boost Their Forecasts After Strong Earnings

Birkenstock Holding plc BIRK reported better-than-expected second-quarter earnings on Thursday.Revenue grew 19% year over year (Y/Y) on a reported and 18% Y/Y on a constant currency basis to 574 million euros. Revenue growth was driven by double-digit unit growth and mid-single-digit growth in Average Selling Price (ASP).Adjusted EPS stood at 0.55 euro, up 34% Y/Y, in the quarter. In U.S. dollars, revenue of 603.62millionbeatthestreetviewof603.62 million beat the street view of 567.17 million, and adjusted EPS of 58 cents exceeded the c ...