Birkenstock Q2 Earnings Miss Shares Drop

Birkenstock Holding plc reported Q2 FY2026 adjusted EPS €0.50, missing the €0.59 consensus, sending shares down over 12% pre‑market.
Revenue reached €618.3 million, representing an 8% YoY increase (14% in constant currency), slightly below the €620.4 million analyst estimate.
Margins compressed: adjusted gross profit margin fell 310 bps to 54.6% and adjusted EBITDA margin down 270 bps to 32.1%.
Company reaffirmed FY2026 guidance of 13‑15% constant‑currency revenue growth, EPS €1.90‑2.05, and added five new stores, total 111 worldwide.