$BIRK

Birkenstock said Alexandre Arnault will resign from its board effective Aug. 6, 2026, citing professional commitments. The company said a replacement search is underway and the board will approve the new appointment once found. Chairman Michael Chu thanked Arnault for five years of service and said Financière Agache will remain closely associated. Arnault previously resigned from Moncler and holds roles within LVMH.

Birkenstock said it is searching for a replacement for Alexandre Arnault after he left the company following five years in the role, and it will reorganize its board. Michael Chu said Financière Agache will remain associated. Birkenstock reported Q2 FY2026 revenue of €618.3m (+8%), but net income fell 22% to €81.9m.

Birkenstock is due to report Q3 revenue growth of about 13% next Thursday. UBS survey data cited by analysts showed Birkenstock sales up 1% year over year in Europe. Analysts expect Q3 revenue of 717.8 million euros (Telsey) and 12.8% growth (BTIG), with fiscal 2026 guidance reiterated. Views differ on brand strength, promotions, and competition.

Birkenstock Holding plc (NYSE: BIRK) said director Alexandre Arnault resigned from its board effective Aug. 6, 2026, citing professional commitments. The company is seeking to appoint an independent director to fill the vacancy and will adopt appointment resolutions at the next available board meeting once a candidate is identified.

Birkenstock Holding plc (NYSE: BIRK) said director Alexandre Arnault resigned from its board effective Aug. 6, 2026, citing professional commitments. The company is seeking and will appoint a qualified independent director after identifying a candidate, with board resolutions expected at the first available meeting.

Birkenstock Holding plc (NYSE: BIRK) said director Alexandre Arnault resigned from its board effective Aug. 6, 2026, citing professional commitments, and the board acknowledged the change. The company is seeking an independent replacement and plans to appoint once a candidate is identified. Chair Michael Chu noted Arnault served about five years.

Birkenstock said it will release a second designer capsule with South Korean label Ader Error under its 1774 line. The collection reworks the Boston clog in two versions, Boston Cap and Boston Flap, with Ader Error stitch and zigzag embroidery. It launches Aug. 6 via 1774.com, Adererror.com and select retailers.

A roundup of Monday Wall Street analyst actions includes Jefferies upgrading Parsons to Buy, TD Cowen initiating Circle at Buy with an $82 price target, and Stifel reiterating Tesla Buy while cutting its target to $491. Other calls cover Nvidia, Applied Materials, Corning, SpaceX, Sherwin-Williams, and eBay, with multiple price targets and rating changes.

Birkenstock, the Germany-based footwear company, opened its first community workshop store in China at HKRI Taikoo Hui in Shanghai, as part of its retail expansion. The store combines product retail with footwear care, personalized engraving, foot care treatments, and workshops, with bookings via Birkenstock’s WeChat mini program.

Goldman Sachs reiterated a Buy rating and $52.50 price target on Birkenstock Holding (BIRK), citing sustained double-digit revenue and earnings growth and an attractive valuation. The firm expects constant-currency fiscal 2026 revenue growth of 15.3% and mid-teens EPS/revenue CAGR for 2026-2028, with modest quarterly phasing changes ahead of Aug. 13 results.