Birkenstock defies U.S. tariffs with a strong new Q3 forecast
Birkenstock's Q3 revenue rose 12% with strong demand and 73% net profit increase despite 15% U.S. tariffs and price hikes, driven by retail and wholesale growth.
- On Thursday, Birkenstock Holding plc reported that despite July price hikes, U.S. retailers showed little pushback, and revenue reached 635 million, CEO Oliver Reichert said.
- Amid rising import duties, Birkenstock executives said they raised prices, negotiated with vendors, and optimized their product mix to offset the U.S. baseline levy of 15%.
- Data reveal the APAC segment climbed 21% reported and 24% in constant currency, with all three geographic segments delivering double-digit growth.
- Meanwhile, in APAC, the company opened eight new owned stores, expanding its store count to 38, while in the Americas, three new stores brought the total to 13.
- Despite recent resilience, Bank of America said overall U.S. spending may stay strong if higher-income individuals keep spending, but consumer behavior in the coming months remains hard to predict.
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Well-heeled shoppers shrug off price hikes for Birkenstocks and Bugaboo strollers for now
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Birkenstock Holding Plc reported earnings that were slightly better than expected as the German company benefitted from raising prices on its high-end sandals and clogs and strong demand from retail partners.
·United States
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Total News Sources10
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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