) saw its shares pop 10% in premarket trading Thursday after the German shoemaker reported Q2 earnings and revenue that beat analyst expectations and raised full-year guidance.
Birkenstock’s adjusted EBITDA was reported at EUR 162.3 million, beating the EUR 145.8 million expected by analysts. Moreover, Birkenstock now expects 2024 adjusted EBITDA to be in the range of EUR 535 million-545 million, an increase from the prior guidance of EUR 520 million-530 million. "Our results for the second quarter of 2024 once again demonstrate the strength of our business model and growing demand for our products,” said Oliver Reichert, CEO of Birkenstock.
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