Birkenstock Shares Jump as Revenue Beat and Higher Full-Year Outlook Boost Sentiment

Birkenstock Holding plc reported Q3 2026 momentum, citing a four-season transition, DTC revenue up 16% and own retail revenue up 50%, and APAC constant-currency growth of 23% with China growing over 50%. Full-year revenue guidance was raised to 15% constant-currency growth. Management flagged margin drag from closed-toe mix, higher inventory-to-sales at 37%, and a 30% to 31% tax rate.

Birkenstock Holding (BIRK) reported higher-than-expected revenue, with analysts citing DTC and wholesale growth. Guggenheim and BTIG reiterated Buy ratings and $60 targets. BTIG said revenue rose 15% constant currency to €720m and adjusted EBITDA was €242m. Gross margin was 59.2%. Management raised FY26 revenue and adjusted EBITDA outlook; shares were $39.80.

Birkenstock, according to the company, plans a $1 billion secondary share offering and may redeem up to $500 million of shares. The report notes Birkenstock’s NYSE price at about $39.35, down 4.02% on the day. The actions could affect share supply and capital structure.

Birkenstock Holding (BIRK) fell in early trading after it launched an underwritten $1 billion secondary share offering. According to the report, an entity affiliated with private equity firm L Catterton will sell shares, while Birkenstock itself will not. The move reflects a stake trim by the controlling shareholder.

Birkenstock shares fell about 2.7% in pre-open after its majority shareholder’s affiliate, BK LC Lux MidCo S.à r.l., announced an underwritten secondary offering of about $1 billion of ordinary shares at ~4% below the prior close. Birkenstock will not sell or receive proceeds. It authorized up to $500 million in buybacks. Morgan Stanley raised its price target to $44 from $41.

Birkenstock Holding (NYSE:BIRK) shares fell 2.5% pre-market after it announced a secondary offering of 22.5 million shares priced at a 4.02% discount to the prior close. The selling shareholder, affiliated with L Catterton, will receive proceeds. JPMorgan manages the offering, expected to close Aug. 17, with an option for 3.83 million more shares.