Birkenstock Announces $250M Accelerated Share Repurchase

Birkenstock Holding plc announced a $250 million accelerated share repurchase (ASR) agreement with Goldman Sachs International. The company will make a $250 million payment and expects an initial delivery of approximately 6.0 million ordinary shares, representing about 80% of the total, based on the May 20 closing price of $33.21. The ASR is expected to be completed before June 30, 2026, and will be funded by cash on hand and a revolving credit facility. CEO Oliver Reichert stated the buyback reflects a disconnect between the share price and strong fundamentals, reiterating confidence in 13-15% annual revenue growth.