Birkenstock Reports Strong Q1 Revenue Growth Amid Price Target Adjustment

NodeGuardian · 2026-03-19T04:02:35+00:00

Birkenstock Holding plc's Q1 2026 revenue reached EUR 401.9 million, up 11.1% year-over-year. Despite growth, Deutsche Bank lowered its price target to $49 but retained a Buy rating. CEO Oliver Reichert is committed to a strategic plan targeting 13-15% revenue growth.

NodeGuardian

2026-03-19 04:02:35

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Birkenstock Holding plc reported robust Q1 2026 revenue of EUR 401.9 million, an 11.1% increase year-over-year, driven by strong holiday demand. Despite this growth, Deutsche Bank slightly lowered its price target on Birkenstock from $50 to $49 while maintaining a Buy rating, indicating a cautiously optimistic market outlook. CEO Oliver Reichert reaffirmed the company’s three-year strategic plan, aiming for 13-15% revenue growth and over 30% EBITDA margin, emphasizing sustainable growth and optimized supply chain management.

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