Dubai: Birkenstock reported second-quarter sales below Wall Street expectations on Wednesday, citing uneven demand for its premium sandals and clogs amid a more cautious consumer environment.
The company posted quarterly revenue of 618.3 million euros ($723.53 million), missing analysts’ estimates of 620.07 million euros, according to data compiled by LSEG.
The shortfall reflects softer consumer spending patterns, particularly for higher-end footwear, as economic uncertainty continues to weigh on demand.