Birkenstock Holding Q3 Adj EPS $0.53 Misses $0.58 Estimate, Sales $608.02M Miss $631.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Birkenstock Holding reported its Q3 financial results, missing both earnings and sales estimates. The company posted an adjusted EPS of $0.53, below the expected $0.58, and sales of $608.02 million, missing the $631.72 million estimate.
August 29, 2024 | 9:35 am
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NEGATIVE IMPACT
Birkenstock Holding's Q3 results fell short of expectations, with both EPS and sales missing estimates. This could lead to a negative short-term impact on the stock price.
The company's failure to meet earnings and sales expectations is likely to result in a negative market reaction, as investors may lose confidence in its short-term performance. The miss on both key financial metrics suggests potential challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100