BI
BIRK
BIRK What Birkenstock Holding promised, and what happened
Guidance
What management said, and what became of it
20 of 22 judged targets kept · 26 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| FX headwind on reported revenue growth | approximately 200 basis points | Mar 2026 | The depreciation in the U.S. dollar, Canadian dollar and Asian currencies like the Indian rupee and the Japanese yen compared to the third quarter of 2025 caused a 180 basis points headwind to revenue growth in the quarter. | Achieved |
| Adjusted EBITDA | at least EUR 700 million | Sep 2025 | Given this continued momentum for fiscal 2026, we raised our guidance for revenue growth to 15% in constant currency and adjusted EBITDA of at least EUR 710 million. | Revised Up |
| Full absorption of fixed costs from capacity expansion | achieve full absorption of fixed costs | Sep 2024 | While we continue to benefit from better capacity absorption, which contributed 50 basis points to adjusted gross profit margin, product mix caused a 40 basis points drag on margin. | Pending |
The full ledger
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The rest of the ledger
Pro opens all 48 tracked commitments for Birkenstock Holding
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.