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Birkenstock Promises Bigger 2025 Sales

Birkenstock Holding plc (NYSE: BIRK) shares traded higher on Thursday after the footwear maker reaffirmed its outlook and projected stronger-than-expected fiscal 2025 revenue. The upbeat guidance contrasts with the company’s third-quarter results, when it beat earnings expectations but missed revenue forecasts and still reaffirmed annual sales of 2.254billion.Despitetherevenuemiss,analystsaremaintaininganOutperformratingwithapriceforecastof2.254 billion. Despite the revenue miss, analysts are maintaining an Outperform rating with a price forecast of 70, suggesting confidence in the company’s long ...