Birkenstock Holding Ltd’s shares rose 6.6% in pre-market trading on Tuesday, recovering from levels near a 52-week low after the company released third-quarter results for fiscal 2026.
The German footwear manufacturer reported revenue of €719.5 million, exceeding analyst expectations. The company also upgraded its full-year 2026 revenue growth target to 15% in constant currency terms. Adjusted EBITDA guidance was raised, though earnings per share came in slightly below consensus estimates.
Management’s ongoing accelerated share repurchase program contributed to the stock’s rebound by reducing the float and signaling confidence in the business. The move follows a secondary share offering in mid-August that had pressured the stock amid broader selling.
Analysts maintained a bullish stance, with Goldman Sachs, Stifel, William Blair, and JPMorgan reiterating or initiating Buy-equivalent ratings in recent weeks. The median price target among covering firms remains substantially above current levels.
The broader market provided little support, with the S&P 500 and Nasdaq trading modestly lower, underscoring the stock-specific nature of Birkenstock’s pre-market gains.
