Birkenstock Holding plc (NYSE:BIRK) is one of the 9 Best Footwear Stocks to Buy Now. On August 25, Telsey Advisory maintained its Buy rating on Birkenstock Holding plc (NYSE:BIRK), keeping the price target at $70.
Jason Strominger from Telsey Advisory retained the rating on BIRK following the strong Q3 FY2025 results. Birkenstock posted revenue of $739.62 million, achieving a 16% growth in constant currency. The company experienced this double-digit growth across all segments and channels, with the Americas, EMEA, and APAC regions soaring by 16%, 13%, and 24% in constant currency, respectively. Birkenstock’s B2B channel outpaced D2C, with B2B revenue up 18% in constant currency, fueled by robust sell-through at retail partners.
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Strominger remains optimistic about Birkenstock as the company continues to expand its retail presence. Birkenstock plans to reach around 100 stores by the end of FY2025, gaining more in-person shopping demand.
Birkenstock Holding plc (NYSE:BIRK) focuses on the manufacturing and sale of footwear products. It offers sandals, shoes, closed-toe silhouettes, and accessories.
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This article is originally published at Insider Monkey.
