EarningsQ3 2026 Earnings Report
MX:BIRKN Q3 2026 EPS Results
Actual EPS$15.13
Consensus EPS$15.43
Beat/MissMissed by -$0.31
One Year Ago EPS$12.67
MX:BIRKN Q3 2026 Revenue Results
Actual Revenue$15.04B
Expected Revenue$14.62B
Beat/MissBeat by +$420.91M
YoY Revenue Growth+16.23%
Earnings Announcement Details
QuarterQ3 2026
Date08/13/2026
TimeBefore Open
Conference CallThursday, August 13, 2026
MX:BIRKN Upcoming Earnings
Birkenstock Holding plc's next earnings date is estimated for December 17, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:BIRKN Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational quarter with revenue and adjusted EBITDA growth, accelerated DTC and retail expansion, notable strength in APAC and China, successful product-driven ASP improvement, and proactive capital allocation (share repurchase and debt refinancing). The main negatives were largely external and manageable: FX and tariff headwinds, one-time financing/ASR expenses that elevated the tax rate and temporarily increased leverage, higher logistics costs related to Middle East conflicts, and a higher inventory-to-sales ratio influenced by tariffs/FX and the Australia acquisition timing. Management reiterated confidence, raised full-year revenue and EBITDA targets, and provided mitigation context for reported margin pressures.Company Guidance
Revenue Growth and Raised Guidance
Q3 revenue EUR 720 million, up 13% reported and 15% in constant currency; company raised full-year revenue growth guidance to 15% in constant currency (high end of prior 13%-15% range).
Strong Adjusted EBITDA and Margin Improvement (Excluding FX/Tariffs)
Q3 adjusted EBITDA EUR 242 million, up 11% year-over-year (15% excluding FX); adjusted EBITDA margin 33.7% (down 70 bps reported, but would have improved ~60 bps on a like-for-like basis excluding FX and tariff impacts); full-year adjusted EBITDA now expected to be at least EUR 710 million.
Adjusted Net Profit and EPS Growth
Q3 adjusted net profit EUR 134 million, up 15% year-over-year; adjusted EPS EUR 0.74, up 19% from EUR 0.62 a year ago; full-year adjusted EPS guidance EUR 1.90 to EUR 2.05 (includes ~EUR 0.15-0.20 FX pressure).
DTC Acceleration and Retail Expansion
Direct-to-consumer growth accelerated to 16% in constant currency (outpaced B2B); own retail revenue grew 50% in constant currency with same-store sales up high single digits; 13 new owned stores added year-to-date, total owned stores 124 and on track to ~140 by year-end.
Regional Strength — APAC and China Outperformance
APAC grew 23% in constant currency (close to 30% excluding Australia timing shift); China grew over 50% in Q3 and is highlighted as a high-ASP, premium market driving strong retail-led growth.
Product Mix and Innovation Driving ASP
Closed-toe penetration up 500 bps; non-Boston closed-toe executions up >50%; Naples units grew >4x and Utti units more than doubled year-over-year; product mix accounted for over half of ASP growth and company maintains 1/3 ASP vs 2/3 volume target.
Capital Allocation and Balance Sheet Actions
Share repurchase of EUR 230 million completed; refinanced senior notes (repaid EUR 428.5M at 5.25%, issued EUR 900M at 4.5%, ~75 bps lower); cash and cash equivalents EUR 694 million after buyback; company signals potential additional EUR 500 million repurchase capacity.
Operational Cash Generation and CapEx Discipline
Operating cash flow in Q3 EUR 247 million (EUR 261 million prior year, impacted by higher tax payments); Q3 CapEx EUR 26 million and full-year CapEx guidance EUR 110-130 million to support production and retail expansion.
MX:BIRKN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed