Birkenstock Holding plc

Birkenstock Holding plc reported strong fiscal third quarter 2026 results with revenue of EUR 720 million, an increase of 15% in constant currency. The company raised its fiscal year 2026 guidance, expecting revenue growth of 15% in constant currency and Adjusted EBITDA of at least EUR 710 million. Despite a reported net profit decrease due to non-recurring expenses, adjusted net profit and adjusted EPS saw significant year-over-year increases, reflecting robust operational performance and consumer demand. Additionally, Birkenstock completed a EUR 230 million accelerated share repurchase and refinanced its senior notes.

Birkenstock Holding plc reported a 13.3% increase in revenue for the third quarter of 2026, reaching €719.5 million, while net profit declined by 15.3% to €109.6 million. For the nine months ended June 30, 2026, revenue grew 10.7% to €1,739.8 million, though net profit saw a slight decrease to €242.0 million. The company also completed the acquisition of Birkenstock Australia Pty. Ltd. and repurchased over 6 million shares.

Birkenstock Holding plc announced the resignation of Alexandre Arnault from its Board of Directors, effective August 6, 2026. Arnault cited professional commitments as the reason for his departure. The company plans to appoint a new independent director to fill the vacancy. Michael Chu, Chair of the Board, expressed gratitude for Arnault's five years of service, noting that Financière Agache will remain a close strategic investor.

Birkenstock Holding plc announced that it will report its fiscal third quarter 2026 financial results on Thursday, August 13, 2026, before the US market opens. The company will host a conference call and live webcast with the investment community at 8:00 a.m. Eastern Time on the same day. The webcast will be available on Birkenstock's Investor Relations website.

Birkenstock Holding plc's indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG, has closed an offering of €900,000,000 in 4.500% Senior Notes due 2033. The gross proceeds will primarily be used to redeem €428.5 million of existing 5.25% Senior Notes due 2029. Additionally, funds may be used to finance potential share repurchases, refinance other existing indebtedness, and for general corporate purposes.

Birkenstock Holding plc announced that its indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG, successfully priced an offering of €900,000,000 in 4.500% Senior Notes due 2033. In connection with this offering, the company updated various disclosures in its Annual Report, including risk factors related to its DTC growth strategy, international trade policies, acquisitions, economic conditions, and supply chain disruptions. The company expects tariffs and foreign currency fluctuations to impact its margins by approximately 100 basis points each in fiscal 2026.

Birkenstock Holding plc announced the successful pricing of €900 million in 4.500% Senior Notes due 2033 by its indirect wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG. The gross proceeds will primarily be used to redeem €428.5 million of outstanding 5.25% Senior Notes due 2029 at par, including accrued interest. Remaining proceeds may finance potential share repurchases announced on June 15, 2026, or refinance other existing indebtedness and for general corporate purposes. Settlement of the new notes is expected on June 19, 2026, with the redemption conditional upon this closing.

Birkenstock Holding plc announced an offering of €900 million in senior notes due 2033 by its indirect wholly-owned subsidiary. The proceeds will primarily be used to redeem €428.5 million of existing 5.25% Senior Notes due 2029 and to finance potential repurchases of up to $500 million (€431 million equivalent) of the Company's ordinary shares. Additionally, the company expects to amend its term and revolving facilities agreement, which will release existing liens and security interests. As of June 1, 2026, cash and cash equivalents were approximately €176 million.

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.

Birkenstock Holding plc reported its unaudited interim condensed consolidated financial results for the six months ended March 31, 2026. The company achieved a 9.0% increase in revenue to €1.02 billion and a 5.7% rise in net profit to €132.4 million compared to the prior year. Basic earnings per share also grew by 7.5% to €0.72. Additionally, the company completed the acquisition of Birkenstock Australia Pty. Ltd. in October 2025, contributing to regional growth and resulting in a gain from bargain purchase of €12.29 million.