Abstract
Birkenstock Holding plc will release its quarterly results on December 18, 2025, Pre-Market, and the preview consolidates company guidance, recent performance, and sell-side expectations to outline revenue, margin, net profit, and adjusted EPS dynamics for the period.
Market Forecast
For the to-be-reported quarter, Birkenstock Holding plc’s revenue is projected at USD 518,534,290.00, implying year-over-year growth of 18.07%. Forecast EBIT is USD 112,865,920.00 with year-over-year growth of 31.62%, and adjusted EPS is estimated at USD 0.36 with year-over-year growth of 41.07%. Gross profit margin and net profit margin are expected to be broadly resilient in line with last quarter’s levels, supported by mix and pricing; the company’s net profit is projected to rise year-over-year in tandem with EPS. The main business remains anchored by enterprise-to-enterprise wholesale and direct-to-consumer channels, with the outlook centered on steady sell-through and disciplined inventory management. The most promising segment is enterprise-to-enterprise wholesale, where revenue in the last quarter was USD 390,156,000.00, and growth is supported by broader distribution gains and improved replenishment throughput year-over-year.
Last Quarter Review
Birkenstock Holding plc delivered last quarter revenue of USD 635,042,000.00, a gross profit margin of 60.49%, GAAP net profit attributable to the parent company of USD 129,000,000.00, a net profit margin of 20.35%, and adjusted EPS of USD 0.62, with year-over-year adjusted EPS growth of 26.53%. A key highlight was EBIT of USD 190,020,000.00, which exceeded estimates and reflected strong operational leverage from channel mix and pricing. Main business highlights included enterprise-to-enterprise wholesale at USD 390,156,000.00 and direct-to-consumer at USD 243,891,000.00, with ongoing gains from deeper brand penetration and measured expansion of owned retail and e-commerce capabilities.
Current Quarter Outlook
Enterprise-to-Enterprise Wholesale
The wholesale channel is set to be the central driver of quarterly performance as distributors and key retail partners rebuild seasonal assortments after tight inventory positions earlier in the year. Forecast revenue growth of 18.07% for the group aligns with wholesale bookings momentum and normalized shipping timetables heading into holiday and early spring transitions. Margin resiliency hinges on a stable product mix favoring core silhouettes and limited-edition collaborations, which have historically supported pricing power without excessive promotional activity. Risks to watch include potential order pushouts if macro softness affects footwear sell-through, yet recent replenishment cadence suggests order stability with measured upside as logistics bottlenecks ease.
Direct-to-Consumer
Direct-to-consumer continues to support consolidated margin quality through higher average selling prices and tighter discount controls. The last quarter’s direct revenue base of USD 243,891,000.00 creates a platform for incremental growth via e-commerce merchandising and selective store openings. This quarter, the focus is on curated drops and improved conversion on mobile, with supply discipline mitigating markdown risk into late December. While traffic patterns can be uneven around peak gifting windows, the mix of timeless styles and controlled allocations tends to protect gross margin, keeping consolidated margin metrics broadly aligned with the previous quarter’s 60.49% gross margin and 20.35% net margin benchmarks.
Stock Price Drivers This Quarter
Earnings-day volatility will likely be steered by the balance of top-line growth versus margin progression. An EPS print near USD 0.36 alongside EBIT at USD 112,865,920.00 would validate operating leverage despite seasonally lighter volumes relative to the previous quarter’s USD 635,042,000.00 revenue. Guidance color on wholesale sell-through, DTC conversion rates, and inventory turn will frame the sustainability of forecast growth rates into the next fiscal quarter. Any commentary on product innovation cadence and collaboration calendars may act as near-term sentiment catalysts, especially if tied to constrained launches that preserve price integrity.
Analyst Opinions
The majority of recently collected analyst views lean bullish, emphasizing brand resilience, expanded distribution, and disciplined inventory, with supportive expectations around the USD 518,534,290.00 revenue and USD 0.36 adjusted EPS forecasts. Several well-known institutions highlight upside skew from wholesale replenishment and a constructive DTC mix, noting EBIT sensitivity to controlled promotions and pricing. Bullish commentary generally underscores confidence that year-over-year growth near 18.07% on revenue and 41.07% on EPS is achievable given consistent demand signals and execution against logistics and merchandising plans, while risk framing centers on potential macro-driven demand variability rather than company-specific weakness.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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