Birkenstock Holding plc reported robust fourth-quarter fiscal 2024 results, with revenue growing 22% year-over-year on both a reported and constant currency basis to 456 million euros. This performance surpassed Wall Street's revenue estimate of $439.29 million, demonstrating strong demand across all segments and channels.
The company's adjusted earnings per share (EPS) for the quarter stood at 0.29 euros, marking a 107% increase year-over-year, and an adjusted EPS of $0.32, which exceeded the consensus estimate of $0.26. For the full fiscal year 2024, Birkenstock achieved a net profit increase of 155% year-over-year and saw its average selling prices rise by 8%.
Looking ahead, Birkenstock provided a positive outlook for fiscal year 2025, projecting revenue growth of 15% to 17% in constant currency, with expectations to reach the high end of this range. The company also anticipates an adjusted EBITDA margin of 30.8% to 31.3%, representing a 50 basis point improvement, and plans for capital expenditures of approximately 80 million euros, primarily directed towards production capacity and retail expansion.
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