Birkenstock (BIK) Outlook Disappoints Amid Slower Growth

about 1 month ago

Scarlet Fu

"Well, shares of Birkenstock are lower. Uh, ticker B I K down about 9% right now. This is after the company gave an outlook that was seen as disappointing. They're essentially forecasting slower sales growth for the year ahead. This is of course due to the impact of the weaker US dollar. They also site tariffs. So, we really are trying to see the CEO coming up with some sort of turnaround story, but right now it doesn't seem as though it's paying off as it currently stands. Shares of the company are down about 26% so far this year."

The commentary on Birkenstock (BIK) focuses on a disappointing outlook as the company indicates slower sales growth due to a weaker US dollar and tariffs. The lack of an effective turnaround strategy has resulted in a roughly 26% decline in share price year-to-date.