Birkenstock delivered fiscal first-quarter results that met market expectations, with shares rising despite margin pressures. The footwear maker reported Q1 EPS of €0.27, matching consensus estimates, and revenue of €401.9 million, up 17.8% in constant currency.

Revenue growth reached double digits across all regions, rising 14% in the Americas, 17% in EMEA, and 37% in APAC. By channel, B2B revenue increased 24% in constant currency, while direct-to-consumer sales rose 12%, demonstrating broad-based demand strength.

Adjusted gross profit margin declined 290 basis points to 57.4%, primarily due to unfavorable currency translation, U.S. tariffs, and channel mix effects. Despite this, adjusted EBITDA rose 4% to €106 million, though the margin narrowed 170 basis points to 26.5% from 28.2% a year earlier.