Birkenstock Holdings (BIRK) posted better fourth-quarter results than analysts had expected Wednesday and outlined its expectations for its second full fiscal year as a public company, sending share🌟s higher.

The shoemaker reported profit of 52.5 million euros ($55.1 million) on revenue of 455.8 million euros ($478.2 million). Analysts had expected EUR48 million in net income on revenue of EUR437.2 million, according to estimates compiled by Visible Alpha.

Full-year revenue of EUR1.80 billion grew 21% from fiscal 2023. 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Oliver Reichert said Birkenstock is "delivering" on the expansion opportunities it identified ahead of its 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) in October 2023.

Birkenstockไ Says New Production Facilities to Bear Fruit in FY25

Birkenstock 澳洲幸运5官方开奖结果体彩网:said it expects constant-currency revenue growth of 15% to꧟ 17% in fiscal 2025, and said it expects gross profit margins to improve after taking a step back this year as its investments into new production capacity start to take effect.

Birkenstock shares, which had risen 15% this year through Tuesday's close, gained another 5% in premarket trading.