Birkenstock Has A Tariff Advantage Going In Q2: Analyst

Telsey Advisory Group analyst Dana Telsey reiterated the Outperform rating on Birkenstock Holding BIRK with a price forecast of $70.The company is set to report its second-quarter results on May 15, before the market opens.Telsey projects total revenue to grow 17.7% year-over-year to 566.4 million euros, slightly trailing the consensus estimate of 568.2 million euros.The analyst sees a 30-basis-point expansion in gross margin to 56.6%, narrowly topping the consensus forecast of 56.5%, which implies a 20-bas ...