Birkenstock Launches $250 Mln Share Buyback, Citing Perceived Mispricing

Dow Jones05-21

By Andrea Figueras

Birkenstock Holding said it would buy back $250 million worth of shares, citing a mismatch between the stock price and the company's performance.

"Short-term market dynamics have resulted in what we believe is a strong disconnect between our share price and the strength of our underlying fundamentals", Chief Executive Oliver Reichert said. "Given the volatile environment of the capital markets, we will continue evaluating market conditions to take advantage of further opportunities for share repurchases in the future."

The German sandal maker said Thursday that it would pay $250 million to Goldman Sachs under an accelerated share repurchase agreement. The company expects to receive initial delivery of around six million of its ordinary shares, based on Wednesday's closing price of $33.21. This represents roughly 80% of the number of ordinary shares initially underlying the agreement.

The final number of ordinary shares will be based on the volume-weighted average price of Birkenstock's ordinary shares during the term of the agreement.

The group said it expects to complete the share repurchase before June 30.

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

May 21, 2026 07:02 ET (11:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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