Birkenstock Holding plc reported total revenue for the fiscal first quarter grew 22 percent to €302.9 million, compared to €248.5 million in the prior-year first quarter. Revenues grew 26 percent in constant-currency (CC) terms to €313.6 million.
Direct-to-consumer (DTC) revenues increased 24 percent (+30 percent CC) to €160.7 million in the fiscal Q1 period ended December 31, 2023, compared to €129.4 million in the prior-year corresponding period. Wholesale, or B2B revenues, rose 19 percent (+22 percent CC) to €140.4 million from €117.8 million in the prior-year fiscal Q1 period.
Operating profit was €35.6 million in Q1, compared to €14.2 million on the fiscal 2023 Q1 period. Net financing costs took a bite out of the bottom line, rising to €36.1 million from €25.1 in the prior-year period. Income tax (expense) benefit was a €6.7 million expense in fiscal Q1, compared to a €1.7 million benefit in the prior-year Q1 period.
Resulting net income (loss) for the fiscal 2024 first quarter was a loss of €7.2 million, or a loss of €0.04 per diluted share, compared to a loss of €9.2 million, or a loss of €0.05 per diluted share in the prior-year first quarter.
Image courtesy Birkenstock/Miami
See below for more SGB Media coverage of Birkenstock, including conference call commentary:
EXEC: Birkenstock Execs Lay Out Growth Details from Fiscal Q1
