Birkenstock Q2 revenue 618 mln eur, up 8%
(Il Sole 24 Ore Radiocor) - Milano, 13 mag - The German footwear group Birkenstock said that in the fiscal second quarter ended March 31 revenue totalled 618 million euros, up 8% on a reported basis and 14% in constant currency.
But the adjusted gross profit margin dropped to 54.6% from 57.7% in the prior year period primarily due to unfavorable currency translation, incremental US tariffs and channel mix.
The adjusted EBITDA margin narrowed to 32.1% from 34.8%.
The adjusted net profit fell by 10% to 93 million euros and adjusted earnings per share dropped 9% to 0.50 euros.
The company confirmed its full-year guidance.
It expects 13-15% revenue growth in constant currency, an adjusted gross profit margin of 57.0-57.5%, an adjusted EBITDA margin of 30.0-30.5% and adjusted EPS of 1.90-2.05 euros.
Birkenstock anticipates capital expenditures in range of.
110-130 million euros.
(RADIOCOR) 13-05-26 16:16:01 (0562) 5 NNNN