Birkenstock (BIRK) raised its full-year revenue growth forecast to 15% on a constant currency basis. This update increases the previous guidance range of 13% to 15%. Management cited sustained full-price demand from affluent consumers as the primary driver for the revision.
Third-quarter revenue grew 13% to €719.5 million, surpassing analyst estimates. Direct-to-consumer sales increased by 14% during the period.
Asia-Pacific sales led regional growth with an 18% jump. Revenue in the EMEA region rose 15%, while sales in the Americas grew 11%.
Shares of Birkenstock climbed 7% in premarket trading following the announcement. The results suggest the premium footwear segment remains insulated from broader pullbacks in discretionary spending.