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Birkenstock reports revenue growth and profit decline
For the second quarter of fiscal 2026, ended March 31, Birkenstock reported revenue of €618 million, representing an increase of 8%, or 14% in constant currency, compared to the same period in the previous fiscal year.
Growth was seen across all sales channels and regions. Meanwhile, for the three months ended March 31, Birkenstock reported a 22% year-on-year decline in net profit to €82 million, while earnings per share fell 20% to $0,45. Adjusted net profit was €93 million, down 10% from the previous year, and adjusted earnings per share was €0,50, down 9% from the previous year.
Birkenstock's gross margin decreased by 380 basis points year-over-year to 53,9% in the second quarter, primarily due to unfavorable foreign exchange rate impacts, higher U.S. tariffs, and changes in the sales channel structure. This decline was also driven by costs associated with the acquisition of Birkenstock Australia Pty., partially offset by price increases and improved manufacturing efficiencies.
In the second quarter of the current fiscal year, the company's adjusted EBITDA was $198 million, a 1% decrease compared to the same quarter last year. This was due to the impact of currency fluctuations and increased US tariffs.
"Our business demonstrated strong resilience in the second fiscal quarter. Despite ongoing instability in the Middle East, persistent inflationary pressures, unfavorable US tariff policy, and ongoing currency pressures, we achieved revenue growth in constant currency of more than 14%. This performance is fully in line with our short- and long-term targets of 13-15%," said Oliver Reichert, Birkenstock's CEO and a member of the company's board of directors.
For the second quarter of fiscal 2026, ended March 31, Birkenstock reported revenue of €618 million, representing an increase of 8%, or 14% in constant currency,…
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From July 27 to 29, the Euro Shoes@CAF_Eliteline 2026 exhibition will be held in Almaty, Kazakhstan.
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