Birkenstock Raises Growth Forecasts as Footwear Demand Surges
New York, Friday, 14 August 2026.
Birkenstock raised its full-year financial outlook after third-quarter revenue grew 15% to €720 million, defying broader consumer slowdowns and sending its stock up nearly 17%.
Quarterly Financial Performance
The German footwear manufacturer reported third-quarter revenue of €720 million, representing a 13% year-over-year increase in euros and a 15% increase in constant currency [1][2]. Adjusted earnings per share reached $0.86, slightly missing the $0.87 estimate, yet the company raised its full-year revenue growth guidance to 15% [1]. Management cited strong demand across all regions, particularly in the Asia-Pacific region which grew 23% in constant currency [1].
Market Reaction and Stock Dynamics
Following the earnings announcement on 13 August 2026, Birkenstock shares surged, with reports indicating a rise of up to 16.88% to $42.94 in trading [1]. Other market data recorded the stock closing near $42.05 on the same day, reflecting high volatility amid the news [4]. Historical data from Forbes shows the stock traded within a 52-week range of $31.12 to $53.53 prior to this movement, representing a range variance of 72.012 percent from the low [3].
Analyst Outlook and Valuation
Analyst opinions remain mixed following the report, with JPMorgan raising its price target to $58 from $49 while maintaining an Overweight rating [4]. Conversely, Williams Trading downgraded the stock to Hold with a $44 target, citing valuation concerns [4]. The broader consensus maintains an Overweight rating with a mean price target in the low-$50s [4].