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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Consumers Are Cutting Back — But Birkenstock Says Demand Is Still Running Strong

Birkenstock BIRK Birkenstock Holding United States
Chicago,,Il,-,4/9/20:,Brown,Leather,Cork,Birkenstock,Sandal,Strap

Birkenstock Holding plc (NYSE:BIRK) stock jumped Thursday after the footwear company reported better-than-expected fiscal third-quarter sales and raised its full-year revenue and adjusted EBITDA outlook.

During the earnings conference call, Birkenstock said demand remained strong despite inflationary pressure on consumer wallets and increased markdown activity across the broader retail industry.

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