Birkenstock Confirms FY24 Guidance For Revenue Growth For 20% In Constant Currency And Adjusted EBITDA Margin Of 30-30.5%
Portfolio Pulse from Benzinga Newsdesk
Birkenstock has confirmed its FY24 guidance, projecting a 20% revenue growth in constant currency and an adjusted EBITDA margin of 30-30.5%.
August 29, 2024 | 9:38 am
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POSITIVE IMPACT
Birkenstock has confirmed its FY24 guidance, expecting a 20% revenue growth in constant currency and an adjusted EBITDA margin of 30-30.5%. This positive outlook may boost investor confidence.
The confirmation of strong revenue growth and healthy EBITDA margin guidance for FY24 is likely to positively impact Birkenstock's stock price. Investors often react favorably to such optimistic financial projections, which can lead to increased buying interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100