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Birkenstock Holding plc (BIRK)

Consumer Cyclical Cheap-ish & solid

Birkenstock is a heritage footwear brand famous for its iconic cork-soled sandals that have evolved from functional comfort wear into a global fashion staple.

$31.13

Is Birkenstock Holding plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Strong brand identity with a loyal customer base. Worth weighing: Earnings have seen a recent decline.

No rating · no target price · nothing for sale here
Price-46.9%
= past earnings-report date
Priced in USD. As a UK investor your £ return also moves with the pound-to-dollar exchange rate, even inside an ISA - a stronger pound can trim your £ gains and a weaker pound can add to them, whatever the share price itself does.
52-week range-28% past year
$31.13
Low $31.12High $53.53
Where today's price sits versus its past year - context, not a signal.

Is this normal for this company?

Each figure against the range this same company has produced recently. Neither end of a range is the good end.

Net profit margin
13.2%now
12.6%20.3%

Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.

How these ranges are built

Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.

What does Birkenstock Holding plc do?

Birkenstock makes its money by selling premium footwear directly to customers and through retail partners, focusing on a 'function-first' design philosophy. While they have deep roots in Germany, they are now a global brand that balances traditional manufacturing with modern marketing. Watch whether they can keep their sandals trendy enough to justify their premium price tag while expanding into new styles.

On our factor screen it looks strongest on value and quality, and weakest on income.

Quick checks
What's strong
What to watch
  • Growth screens low
  • Momentum screens low
  • Income screens low

Does Birkenstock Holding plc pay a dividend?

No - Birkenstock Holding plc doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

Does Birkenstock Holding plc have more cash or more debt?

It holds about €201.47M in cash against about €1.38B of debt - so it has net debt of about €1.18B. Debt is not automatically a problem - it funds growth - but it has to be serviced and repaid, which matters more when profits wobble.

From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.

What do Birkenstock Holding plc's numbers mean?

P/E
16.88
This shows how much you are paying for every pound of the company's recent annual profit.
Around the middle of the 103 Consumer Cyclical shares we cover
Gross margin
57.8%
This indicates that for every pound of shoes sold, over 57 pence remains after covering the direct costs of making them.
Higher than most of the 122 Consumer Cyclical shares we cover
Revenue growth
7.7%
This measures how much the total money coming into the business has increased compared to the previous year.
Around the middle of the 121 Consumer Cyclical shares we cover
Beta
1.3
A number above 1 suggests the share price tends to be a bit more jumpy or volatile than the wider stock market.

How has it performed?

Growth of £1,000, the worst fall, and year by year
If you had put $1,000 into Birkenstock Holding plc
$531-47%

Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Birkenstock Holding plc actually fallen?

−52%

Over the last 2 years of daily prices, Birkenstock Holding plc fell as much as −52% from a high to a later low. Falls like this are normal when you own a share.

Past falls are not a forecast - it can fall further, or recover.

How has it done year by year?

2024+16%
2025-28%
2026 so far-8%

Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.

A closer look at the numbers

Ownership, earnings history, where the money goes, and the outlook range
Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$6.89B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
2.33M
Day range: The lowest and highest price the shares traded at during the latest day.
$30.78 – $31.52
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$31.12 – $53.53
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
16.9
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.30

What am I looking at?

Listing
The US listing of Birkenstock Holding plc, quoted in US dollars.
Two currencies on this page
Birkenstock Holding plc reports its results in euros but its shares trade in US dollars. Figures taken from the accounts - revenue, profit, cash and debt - are therefore in euros, while the share price and market value are in US dollars. They are not directly comparable without converting one of them. This is a fact about the accounts, not a problem with the company.

Derived from this listing's own ticker and reported currency. Whether a particular account can hold it, and what tax applies, depends on the account and the rules that apply to you - the plain-English ISA rules cover how the main UK account type works.

Does the share price tell you if it's cheap or expensive?

One share costs$31.13
Number of shares221 million
So the whole company is worth$6.89bn
A £5 share is not cheaper than a £500 one - it means the company cut itself into more slices. Whether the total looks high or low is what the figures below are for; we don't give a verdict.
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.30
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▼ -10% past week · ▼ -28% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

How much money does Birkenstock Holding plc make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
€0€158.76M€317.52M€476.28M€635.04MQ1 25Q2 25Q3 25Q4 25Q1 26
Gross margin
57.8%
Net margin
16.3%
Return on equity
12.5%

Where does each £100 of Birkenstock Holding plc's sales go?

Making the product or service £42Running costs, tax and interest £42Left as profit £16

A rough split of the latest full-year figures: of every £100 of sales, about £42 covers making the product or service, £42 goes on running costs, tax and interest, and about £16 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.

When does Birkenstock Holding plc report earnings, and how did recent quarters go?

Birkenstock Holding plc is next scheduled to report on about 2026-12-17 - dates can move, and we don't predict results; this just tells you when to look.

‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.

Birkenstock Holding plc: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-08-13$0.76$0.74Missed -2%
2026-05-13$0.59$0.50Missed -16%
2026-02-12$0.26$0.27Beat +3%
2025-12-18$0.36$0.51Beat +42%
2025-08-14$0.60$0.62Beat +4%
2025-05-15$0.54$0.55Beat +2%

Across the last 6 quarters here, Birkenstock Holding plc came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Where these figures come from

Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.

What are the scenarios for Birkenstock Holding plc?

An illustrative range for the year ahead — not a prediction or a price target.

◀ lowerhigher ▶todayBull▲ UpsideBase• In-lineBear▼ Downside
Bull
+5% to +10%Strong seasonal demand for summer footwear boosts quarterly sales.
Base
-2% to +2%Steady sales performance in line with current market expectations.
Bear
-5% to -10%Unexpected slowdown in consumer spending on non-essential fashion items.

What are the pros, cons and common questions?

The case each way, and the questions people ask
The bull case

Global brand recognition cements Birkenstock as a permanent wardrobe staple.

The bear case

The brand loses its 'cool' factor and struggles to attract younger shoppers.

What are the pros and cons of Birkenstock Holding plc?

3bull points
6bear points

A balance check, not a score or verdict.

The bull case3
  • Strong brand identity with a loyal customer base
  • High gross margins suggest good pricing power
  • Iconic product design that transcends short-term fads
The catch3
  • Earnings have seen a recent decline
  • No dividend payments for shareholders
  • Relies heavily on the popularity of a specific style
Key risks3
  • Changing consumer tastes in the fashion industry
  • Higher volatility compared to the broader market
  • Economic downturns reducing spending on premium footwear
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

  • A sustained shift in consumer preference away from comfort-focused footwear
  • Significant operational issues in their German manufacturing facilities

Common questions about Birkenstock Holding plc

Does Birkenstock Holding plc pay a dividend?

No - Birkenstock Holding plc does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.

When does Birkenstock Holding plc report earnings next?

Birkenstock Holding plc is next scheduled to report results on about 2026-12-17. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.

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Confidence: medium · data: USD · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Prices as of 11 Sep 2026; other figures as of 11 Aug 2026. Prices may be delayed and numbers can go stale - always double-check before acting.