Birkenstock: Value, Growth, And International Exposure In One Great Package

  • Birkenstock offers strong international diversification, with robust growth, margin improvement, and conservative guidance despite recent market volatility and euro strength. The company trades at a reasonable 14x forward EBITDA, supported by high-teens revenue growth and significant expansion potential in Asia. Q2 results showed 19% revenue growth, margin expansion, and closed-toe product success, highlighting operational execution and market share gains.