Birkenstock
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Birkenstock is targeting €1 billion in incremental revenue in the next three years, around 13%-15% growth on a constant-currency basis, it said in a capital markets day presentation on Wednesday.
Birkenstock is making a major push to increase its global store footprint, particularly in Asia, it outlined in the presentation.
When including partner stores, Birkenstock is planning to expand its regional footprint to more than 400 stores by the 2028 fiscal year, from 245 at the end of September, it said.
The expected narrower profitability comes in a context of incremental U.S. trade tariffs, as well as a drag from currency effects, Birkenstock said.
This includes German firms such as BioNTech, which developed the first coronavirus vaccine to be approved in the West along with US pharmaceutical giant Pfizer, and sandal maker Birkenstock.
From Barron's
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