Birkenstock's Strong Earnings, Weak Stock: A Market Mystery

Birkenstock Reports Strong Financials, Despite Stock Decline: The iconic sandal maker exceeded analyst predictions with a net income of $109.7 million and revenue of $615.2 million in Q4, posting a full-year profit of $385.1 million and revenue of $2.32 billion. However, the companys stock has dropped by 18% since the start of the year and 17% over the past year, presenting a complex market scenario.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.