Birkenstock Holding Q1 Adj. EPS $0.097 Misses $0.100 Estimate, Sales $326.04M Beat $313.24M Estimate
Portfolio Pulse from Benzinga Newsdesk
Birkenstock Holding (BIRK) reported Q1 adjusted EPS of $0.097, missing the consensus estimate of $0.10 by 3%. However, their quarterly sales of $326.04M exceeded the estimate of $313.24M by 4.09%.
February 29, 2024 | 10:38 am
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Birkenstock Holding reported a slight miss on EPS but exceeded sales estimates in Q1.
The miss on EPS by 3% could concern some investors about profitability, but the beat on sales estimates by 4.09% suggests strong demand for Birkenstock's products. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100