Birkenstock’s strange fate: record sales, but the stock plummets

Birkenstock's strange fate: record sales, but the stock plummets

Record sales and disappointed investors: such is the fate of Birkenstock. In the third quarter of its fiscal year, April to June 2024, the German sandal manufacturer’s revenues grew 19.3% to 564.8 million euro. A figure slightly below analysts’ estimates (565.2 million euros). A disappointment that led – yesterday and today – to a collapse…

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