Birkenstock Holding Q2 Adj EPS $0.45 Beats $0.40 Estimate, Sales $523.40M Beat $506.26M Estimate
Portfolio Pulse from Benzinga Newsdesk
Birkenstock Holding (NYSE:BIRK) reported better-than-expected Q2 earnings and sales. The company posted earnings of $0.45 per share, surpassing the analyst estimate of $0.40 by 12.5%. Sales reached $523.40 million, beating the $506.26 million estimate by 3.39%.
May 30, 2024 | 9:40 am
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Birkenstock Holding (NYSE:BIRK) reported Q2 earnings of $0.45 per share, beating the analyst estimate of $0.40 by 12.5%. Sales were $523.40 million, exceeding the $506.26 million estimate by 3.39%.
The better-than-expected earnings and sales figures are likely to positively impact Birkenstock's stock price in the short term. Beating both earnings and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100