1238 GMT - Birkenstock's first-quarter revenue results might add to investor concerns over the company's sales development, Bernstein analysts write in a note. The German sandalmaker booked revenue of 402 million euros for the quarter through end-December, marking on-year growth of around 18%. That might disappoint investors hoping to see more rapid growth, Bernstein says. The brokerage points to likely negative trends in the important direct-to-consumer segment. "Continued weakness in direct retail should remain a key concern for investors weighing any upside to Birkenstock's valuations or fiscal 2026 guidance," the analysts say. Bernstein has a market-perform rating and a $55 target on the New York listed stock. (joshua.kirby@wsj.com; @joshualeokirby)
(END) Dow Jones Newswires
January 12, 2026 07:38 ET (12:38 GMT)
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