Observed Signal · Aug 13, 2026 · Earnings Report · Source: Retail-News · Impact: 4/5 · Sentiment: Positive
Birkenstock posts double-digit growth, raises 2026 outlook
Birkenstock reported continued growth in its fiscal third quarter 2026 and has raised its full-year guidance. Revenue rose 13% year‑over‑year to €720 million (constant‑currency +15%). Adjusted EBITDA increased 11% to €242 million while the adjusted EBITDA margin fell slightly to 33.7%. Reported net income declined 15% to €110 million, while adjusted net income rose to €134 million and adjusted EPS improved to €0.74. Direct‑to‑consumer sales and own retail expansion were key drivers; the company opened 13 stores in the quarter and operated 124 owned locations at the end of June. Birkenstock also completed financing moves including a €900m bond issuance, repayment of €428.5m of existing debt, and a €230m accelerated share buyback.
Quarterly earnings and an upward revision to full‑year guidance from a major global D2C footwear brand; relevant for retail, DTC trends and retail media planning.
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Key Takeaways & Evidence Grounding
- Q3 FY2026 revenue: €720 million, +13% year‑over‑year (constant‑currency +15%).
- Adjusted EBITDA: €242 million, +11%; adjusted EBITDA margin decreased from 34.4% to 33.7%.
- Reported net income: €110 million, -15%; adjusted net income: €134 million; adjusted EPS: €0.74, +19%.
- Direct‑to‑consumer revenue grew 14% (constant‑currency +16%); Birkenstock opened 13 new own stores in the quarter and operated 124 own stores at end‑June.
- In June Birkenstock issued €900 million of bonds at 4.5%, repaid existing bonds of €428.5 million, and completed a €230 million accelerated share buyback reducing outstanding shares by six million.
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