Economic TimesLean R·
Birkenstock raises revenue forecast on strong demand, shares jump 18%
Birkenstock raised its annual sales growth forecast and beat quarterly revenue estimates on Thursday, banking on resilient full-price demand for its premium sandals from affluent shoppers, sending its shares up about 18%.Strong pricing power and brand loyalty have helped companies such as Birkenstock that cater to wealthier consumers remain largely insulated from a wider pullback in U.S. discretionary spending affecting much of the apparel and footwear sector.Demand for the company's high-…
Read at Economic Times →
