Stock Markets January 28, 2026

Birkenstock Seeks €1 Billion in New Revenue Over Next Three Years

German sandal maker outlines aggressive top-line targets while navigating tariff-related pressure on near-term sales

By Priya Menon BIRK
Birkenstock Seeks €1 Billion in New Revenue Over Next Three Years
BIRK

Birkenstock has set a target of generating 1 billion euros in incremental revenue across the next three years, aiming for annual top-line growth of 13%-15% at constant currencies. The company expects double-digit expansion in the Americas and EMEA, a doubling of its Asia-Pacific business, and adjusted EPS to grow about 200 basis points faster than revenue. Management is prioritizing its direct-to-consumer channels and sees closed-toe footwear in Europe outpacing open-toe demand by roughly 1.5 times. The update follows subdued holiday-quarter sales amid consumer caution related to tariff-driven economic uncertainty, with quarter revenue tipped at 402 million euros against expectations of 403.3 million.

Key Points

  • Birkenstock is targeting 1 billion euros in incremental revenue over the next three years, aiming for 13%-15% top-line growth at constant currencies.
  • Double-digit growth is expected in the Americas and EMEA, while Asia Pacific is forecast to double in size; adjusted EPS is expected to rise about 200 basis points faster than revenue.
  • The company plans to strengthen direct-to-consumer channels and expects closed-toe footwear in Europe to grow about 1.5 times faster than open-toe styles, impacting the footwear and retail sectors.

Birkenstock said it is targeting 1 billion euros of incremental revenue over the coming three-year period as it addresses near-term headwinds stemming from tariffs affecting U.S. markets. The German footwear maker provided the guidance in an investor presentation on Wednesday, laying out growth ambitions and channel priorities.

Management quantified its objective as top-line expansion of 13% to 15% at constant currencies over the next three years. The company is pursuing double-digit revenue growth in both the Americas and the Europe, Middle East and Africa - EMEA - region, while it expects its Asia Pacific business to approximately double in size during the same timeframe.

On profitability metrics, Birkenstock indicated adjusted earnings per share should increase at a pace roughly 200 basis points faster than revenue growth, signaling operational leverage as sales scale.

Product mix is a central component of the plan. In Europe, Birkenstock highlighted closed-toe footwear as a diversification area that is forecast to grow about 1.5 times faster than its open-toe offerings. That relative outperformance is framed as part of the companys broader effort to expand beyond its traditional sandal base.

Channel strategy is another focus. The company said it intends to act as a direct-to-consumer brand, aiming to deliver what it described as the most optimal own-channel experience. That emphasis on owned channels suggests a push to capture more margin and control over the customer experience.

The presentation followed an earlier update in which Birkenstock flagged subdued sales for the holiday quarter, attributing the softness to consumer pullback on nonessential purchases amid uncertainty tied to tariffs. For the quarter ended December 31, revenue was tipped to be 402 million euros, compared with expectations of 403.3 million.


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As Birkenstock pivots on mix and channel while pursuing ambitious growth targets, the company is balancing expansion plans with the near-term pressures from tariff-driven consumer caution. The coming quarters will test whether the firm can convert the outlined strategy into the incremental revenue and EPS gains it has communicated to investors.

Risks

  • Tariff-driven economic uncertainty has contributed to subdued holiday-quarter sales, posing a sales risk for consumer discretionary and retail sectors.
  • Near-term consumer pullback on nonessential purchases could pressure revenue conversion, affecting expectations for top-line growth and the pace of EPS improvement.
  • Execution risk in expanding Asia Pacific and scaling direct-to-consumer channels could impact the companys ability to meet its 1 billion euro incremental revenue target, with implications for supply chain and retail operations.

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