Birkenstock Forecasts €402 Million Q1 Revenue, 17.8% Constant-Currency Growth
Birkenstock Holding PLC expects fiscal Q1 2026 revenue of €402 million, up 11.1% year-over-year reported and 17.8% in constant currency. The growth differential reflects significant US dollar depreciation against the euro.
1. Preliminary Fiscal Q1 Revenue Exceeds €400 Million
Birkenstock Holding plc reported preliminary fiscal first quarter 2026 revenue of €402.0 million, representing year-over-year growth of 11.1% on a reported basis and 17.8% in constant currency. Sales performance was driven by strong demand in North America, where revenue rose approximately 20% in constant currency, and Europe, which saw mid-teens growth. Management attributed the gap between reported and constant-currency growth primarily to a 5.8% depreciation of the U.S. dollar versus the euro during the quarter. Channel breakdown showed wholesale revenue up 15% and direct-to-consumer sales up 10%, with e-commerce contributing nearly one-quarter of total revenue for the period.
2. Report Date, Conference Call and Investor Outlook
Birkenstock will release its full first quarter 2026 results on February 15, 2026, followed by a conference call at 9:00 a.m. GMT. The company expects to provide updated guidance for the full fiscal year, with analysts forecasting mid-teens constant-currency revenue growth and adjusted EBITDA margin expansion of 50 to 100 basis points. Management has indicated that continued investments in product innovation and digital marketing will support brand elevation and margin improvement, while foreign-exchange headwinds may temper reported earnings per share growth by up to 3 percentage points in the first half of the year.