Birkenstock raises fiscal 2026 revenue and EBITDA guidance

Birkenstock Holding (NYSE: BIRK ) held its third-quarter earnings conference call on Thursday.

Below is the complete transcript from the call.

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For comprehensive financial data and transcripts, visit Access the full call at Summary Birkenstock Holding plc reported strong Q3 results with a 15% revenue growth in constant currency, reaching the high end of their annual target.

The company raised its fiscal 2026 guidance for revenue growth to 15% and adjusted EBITDA to at least 710 million euros.

EMEA growth accelerated to 15%, with a strong performance in both online and retail direct-to-consumer (DTC) channels.

The APAC region achieved 23% growth, with China showing over 50% growth, confirming the brand's premium positioning.

Birkenstock continued its retail expansion, with new store openings in multiple regions, contributing to a 50% increase in owned retail revenue.

Product innovation, especially in closed-toe and sandal categories, drove growth, with new collections and collaborations enhancing brand appeal.

The company is confident in its brand strength, focusing on expanding its market share and enhancing shareholder returns through strategic initiatives like share buybacks.

Despite FX and tariff pressures, adjusted EBITDA margin improved by 60 basis points year over year on a like-for-like basis.

Management highlighted the successful refinancing of senior notes at lower rates, which will reduce future finance costs.

Full Transcript OPERATOR At this time, all participants are in listen-only mode.

Following the presentation, we will conduct a question-and-answer session.

The company has allocated 45 minutes to this conference call and will take as many questions as time allows.

I would like to remind everyone that this conference call is being recorded.

I will now turn the call over to Megan Kulik, Director of Investor Relations.

Megan Kulik, Director of Investor Relations Hello and thank you everyone for joining us today.

On the call are Oliver Reichert, Director of Birkenstock Holding plc and Chief Executive Officer of the Birkenstock Group, and Daveet Socrolo, Chief Financial Officer of the Birkenstock Group.

Today we are reporting the financial results for our fiscal third quarter ended June 30, 2026.

You may find the press release and a supplemental presentation connected to today's discussion on our investor relations website at birkenstock-holding.com.

Results have also been filed on Form 6-K with the SEC.

We would like to remind you that some of the information provided during this call is forward-looking and accordingly is subject to the safe harbor provisions of federal securities laws.

These statements are subject to various risks, uncertainties and assumptions which could cause our actual results to differ materially from these statements.

These risks, uncertainties and assumptions are detailed in this morning's press release as well as in our filings with the SEC, which can be found on our website at birkenstock-holding.com.

We undertake no obligation to revise or update any forward-looking statements or information except as required by law.

We will reference certain non-IFRS financial information.

We use non-IFRS measures as we believe they represent the operational performance and underlying results of our business more accurately.

The presentation of this non-IFRS information is not intended to be considered by itself or as a substitute for the financial information prepared and presented in accordance with IFRS.

Reconciliations of non-IFRS measures to IFRS measures can be found in this morning's press release and in our SEC filings.

Now I'll turn the call over to Oliver.

Oliver Reichert, Chief Executive Officer Good morning, everybody.

We performed exceptionally well in Q3 and once again demonstrated the strength of our brand.

Given this continued momentum, for fiscal 2026 we raised our guidance for revenue growth to 15% in constant currency and adjusted EBITDA of at least 710 million euros.

We delivered another strong quarter.

Our revenue grew 15% in constant currency at the high end of our annual target of 13% to 15%.