International Companies

Birkenstock shares tank as record quarterly growth underwhelms

By Benjamin Chiou

Date: Thursday 29 Aug 2024

(Sharecast News) - US-listed shares of Birkenstock plunged on Thursday after the German sandal maker underwhelmed investors with a record third-quarter performance, as it narrowly missed consensus forecasts with its top line.
The company, which debuted on the New York Stock Exchange last October, reported a 19% year-on-year increase in revenue...

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