Birkenstock Holding plc Announced Q2 2026 Earnings on May 13, 2026, Reporting "second quarter revenues of EUR 618 million".

18:37 Episode 174 The Earnings Debate
Birkenstock Holding plc earnings call summary and podcast

Birkenstock Holding plc reported "second quarter revenues of EUR 618 million" for fiscal 2026.

This represented a "growth of 8% on a reported basis" and 14% in constant currency.

The adjusted gross profit margin for the quarter was 54.6%.

Management reported "Adjusted EBITDA in the second quarter of EUR 198 million" with an adjusted EBITDA margin of 32.1%.

Adjusted net profit for the quarter was EUR 93 million, and adjusted EPS was EUR 0.50.

Executives highlighted the resilience of the business despite disruptions in the Middle East, U.S. tariff increases, and high inflation.

Chief Executive Officer Oliver Reichert stated that "Closed-toe penetration was up 300 basis points, driven by strong growth in clogs". Within the direct-to-consumer segment, owned retail grew over 60% in constant currency.

The company opened five new owned retail doors during the quarter, bringing its global total to 111.

Regionally, Asia-Pacific grew 30% in constant currency, and the Americas segment grew 14% in constant currency.

For the full fiscal year 2026, the company reiterated its guidance of 13% to 15% constant currency revenue growth, projecting reported revenue of EUR 2.3 billion to EUR 2.35 billion.

The outlook includes an expected adjusted gross margin of 57% to 57.5% and "adjusted EBITDA of at least EUR 700 million for the year". Adjusted EPS for the year is expected to be EUR 1.90 to EUR 2.05.

Product discussions highlighted that 11 out of the top 20 styles are closed-toe, featuring clogs like the Boston, Naples, Tokyo, and Buckley, alongside traditional shoes such as the London and Highwood.