Birkenstock Holding plc Q1 2026 Earnings Recap

Birkenstock Holding plc reported a robust Q1 fiscal 2026, achieving €402 million in revenues—an 11% increase on a reported basis and 18% in constant currency, significantly surpassing guidance.

Key Takeaways

• B2B sales surged 24% in constant currency, outperforming DTC, which grew 12%.
• APAC revenues rose 37% in constant currency, reflecting strong growth potential in underpenetrated markets.
• Closed-toe products, led by key silhouettes, made up nearly 60% of revenue, indicating successful brand expansion beyond sandals.
• The company remains on track to open 40 new stores this fiscal year, enhancing its direct-to-consumer presence.