Birkenstock jumps as clog sales aid expectation-beating earnings
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Birkenstock Holding PLC (NYSE:BIRK) shares rose after reporting better-than-expected fourth-quarter earnings. The company's revenue increased by 22% to €456 million, surpassing estimates of €439 million.
December 18, 2024 | 1:30 pm
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Birkenstock's shares increased following the announcement of fourth-quarter earnings that exceeded expectations, with a 22% rise in revenue.
The significant revenue increase and surpassing of earnings expectations are positive indicators for Birkenstock, likely leading to a short-term rise in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100