Birkenstock Reiterates Its Medium To Long-term Profitability Objectives For Gross Profit Margin Of Approximately 60% And Adjusted EBITDA Margin Over 30%
Portfolio Pulse from Benzinga Newsdesk
Birkenstock has reiterated its medium to long-term profitability objectives, aiming for a gross profit margin of approximately 60% and an adjusted EBITDA margin over 30%.
August 29, 2024 | 9:39 am
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Birkenstock has reiterated its medium to long-term profitability objectives, aiming for a gross profit margin of approximately 60% and an adjusted EBITDA margin over 30%. This indicates a strong focus on maintaining high profitability levels.
The reiteration of profitability objectives suggests confidence in achieving these targets, which is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price.
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