German heritage footwear brand Birkenstock reported its financial results for the third fiscal quarter ended June 30, 2025: revenue reached €635 million, marking a 12% year-over-year increase, or 16% growth at constant currency. This performance was driven by continued strong demand across all segments, channels, and product categories. Profitability improved during the quarter, with gross margin rising to 60.5%, up 1 percentage point compared to the same period last year.
Oliver Reichert, CEO and member of the company’s board, commented, “Our third quarter results prove the strong foundation of our brand. Reported revenue growth was 12%. On a constant currency basis, we grew revenue by 16%, with double-digit growth in all regions. Underlying demand remains strong, and we are on track to meet our target of constant currency growth at the high end of the 15-17% range we provided at the beginning of the year. We saw significant margin improvement in the quarter, driven by sales price adjustments net of inflation and better absorption. This puts us on track to meet our Adjusted EBITDA margin target for the year despite the currency headwinds. We believe we are well-positioned to manage the impact of the current 15% US/EU tariff agreement through a combination of pricing adjustment, cost discipline, and inventory management to protect the long-term health and profitability of the BIRKENSTOCK brand.”
Key Q3 Financial Metrics:
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Net profit reached €129 million (approx. USD 139.5 million), up 73% from €75 million in the same quarter last year.
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Earnings per share (EPS) rose 75% to €0.69.
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Adjusted EBITDA margin was 34.4%, up 1.4 percentage points compared to Q3 FY2024.
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Capital expenditure was approximately €22 million (approx. USD 23.8 million), primarily for expanding production capacity.
By Region: All Markets Recorded Double-Digit Revenue Growth
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Americas: Revenue grew 10% YoY (16% at constant currency)
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Europe, Middle East & Africa (EMEA): Revenue increased 13% YoY (13% at constant currency)
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Asia-Pacific (APAC): Revenue rose 21% YoY (24% at constant currency). The company opened 8 new directly operated stores in the region during the quarter, bringing the total to 38. Additionally, the number of mono-brand partner stores in the region grew by more than 20%.
By Channel:
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B2B Wholesale: Up 15% YoY (18% at constant currency)
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Direct-to-Consumer (DTC): Up 9% YoY (12% at constant currency)
FY2025 Full-Year Outlook (at Constant Currency):
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Sales growth is expected to reach the upper end of the 15%-17% guidance range
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Adjusted EBITDA margin is projected to fall within the 31.3%–31.8% range
| Source: Official financial report
| Image Credit: Birkenstock official website
| Editor: LeZhi
