Birkenstock faces critical first earnings post-IPO

Mixed results: A Birkenstock outlet in Berlin, Germany. The company’s outlook for the year ahead will face scrutiny, with management discussing long-term targets with the broader investment community for the first time. — Bloomberg

NEW YORK: Birkenstock Holding Plc’s first earnings report as a public company is ripe for volatility as investors gauge whether the negative reaction to its 2023 initial public offering (IPO) was overdone.

The Neustadt, Germany-based sandal maker will report results before the US stock market opens following a rally across equity markets lifted shares back above their IPO price in the wake of an underwhelming debut.