A Louis Vuitton show, at dusk, at the Louvre is not a bad way to mark your first fashion show.
After working with the brand a few times, including on a red draped gown she won the Emmy in last month, Rhea Seehorn was invited out to Paris for Louis Vuitton's spring 2027 show.
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#rhea

While much of the clothing and footwear industry has spent this earnings season explaining away low consumer demand, Birkenstock Holding plc (NYSE:BIRK) showed an entirely different story, and investors rewarded it accordingly.
Shares of the German footwear manufacturer rose up to 20% on August 13 after the company published fiscal third-quarter earnings that exceeded expectations and prompted management to improve its full-year guidance. Revenue for the quarter came in at €720 million (about $829 million), up 13% on a reported basis and 15% in constant currency, exceeding ****** ysts expectations of around €713-715 million. Meanwhile, adjusted earnings per share of €0.74 happened to be somewhat lower than the €0.76 consensus, though this fact did little to dampen enthusiasm given the report's overall strength.
The headline change was direction. Birkenstock Holding plc (NYSE:BIRK) now targets fiscal 2026 revenue growth of 15% on a constant-currency basis, up from its previous range of 13% to 15%, putting the company at the upper end of its own previous objective rather than just reiterating it. Management also increased its adjusted EBITDA forecast to at least €710 million, up from a previous floor of €700 million, and now expects reported revenue to be at the high end of the €2.30 billion-€2.35 billion range.
According to Birkenstock Holding plc (NYSE:BIRK), the reason for some of the strength is simple: full-price demand from affluent buyers who haven't reduced their discretionary spending in the same manner that the broader consumer has. Strong pricing power and brand loyalty helped shield companies catering to wealthier customers from the broader spending pullback affecting much of the apparel and footwear sector, and Birkenstock's results reflect this across all regions it operates in, with the Americas growing 14%, EMEA 15%, and Asia-Pacific rising the fastest at 23%, all in constant currency terms.
Birkenstock Holding plc (NYSE:BIRK) has also carefully managed its balance sheet during this period of strength. On June 30, the company executed an accelerated share buyback program of €230 million, decreasing its outstanding share count by about 6 million shares. The move helped enhance per-share earnings growth, with adjusted EPS rising 19% year-over-year.

#million #birk #company

Baron Capital, an investment management company, released its Q2 2026 investor letter for the "Baron Focused Growth Fund". A copy of the letter can be downloaded here. In the second quarter, the Baron Focused Growth Fund achieved a 13.26% gain, still trailing the Russell 2500 Growth Index's 24.02% return. The underperformance was driven by ongoing concerns about AI's impact on portfolio businesses and underexposure to AI infrastructure. The IPO of ****** eX provided a boost, but overall, the Fund's companies are generating robust revenue growth and strengthening margins through enhanced client engagement and product offerings. Many stocks remain historically undervalued, and companies are beginning accelerated share repurchases, bolstering investor confidence. The Fund is perceived as compelling, benefiting from favorable market conditions and strong balance sheets, while inflation and interest rates are expected to remain stable. The Fund has outperformed its Benchmark over the past 3, 5, and 10 years, showing significant excess returns with lower market risk, attributed to a research-driven investment approach. The Fund maintains a commitment to long-term investing in growth-oriented businesses, utilizing a balanced portfolio to mitigate risk and potentially enhance returns. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its Q2 2026 investor letter, Baron Focused Growth Fund highlighted Birkenstock Holding plc (NYSE:BIRK). Birkenstock Holding plc (NYSE:BIRK) engages in the manufacturing and distribution of footwear products, contributing 0.75% to the Fund's performance. On August 19, 2026, Birkenstock Holding plc (NYSE:BIRK) closed at $36.13 per share, reflecting a market capitalization of $5.97 billion. Birkenstock Holding plc (NYSE:BIRK) posted a one-month return of -11.03%, while its shares lost 28.65% over the past 52 weeks.
Baron Focused Growth Fund stated the following regarding Birkenstock Holding plc (NYSE:BIRK) in its Q2 2026 investor letter:
"Shares of global footwear retailer Birkenstock Holding plc (NYSE:BIRK) increased 19.6% in the second quarter and helped performance by 75 bps as sales continued to be quite strong and grew at a mid-teens rate despite concerns about the war in the Middle East, a depreciating dollar, and tariffs. Full-price sell-through remains above 90%, closed toe shoes continue to increase penetration rates and same store sales are growing at double-digit rates. Despite the worsening macro since the first quarter, management confirmed all fiscal year 2026 targets and continue to execute on its key growth objectives of expanding retail stores, growing in Asia Pacific and increasing closed-toe penetration. The stock continues to trade at a significant discount to peers with the stock trading at just 15 times next year's earnings per share despite growing earnings 30% next year and 20% after that. We continue to believe the market is being too harsh on the comp

Birkenstock Holding plc (BIRK) is proving that consumers may be cutting back, but they're not ready to give up their favorite pair of sandals just yet. Shares of the German footwear maker jumped 11.59% on Aug. 13 after its fiscal 2026 third-quarter results showed stronger-than-expected revenue, solid online growth, and enough confidence from management to lift its full-year guidance.
Sure, the company also delivered a slight earnings miss, but investors clearly focused on the bigger picture. Birkenstock's latest numbers point to resilient demand for its premium footwear, even as shoppers remain cautious with their discretionary spending. And the raised outlook adds another vote of confidence in the brand's ability to keep growing. So, with the latest results giving investors plenty to like, let's take a closer look at Birkenstock's performance and what could be next for BIRK shares.
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#earnings #keep

What makes Birkenstock special?
"There's no one else with the footbed and its benefits," said Birkenstock chief executive officer Oliver Reichert on a third-quarter earnings conference call Thursday.
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#birkenstock #chris #hufnagel #keep

Platinum ****** et Management, an investment management company, released its Q2 2026 investor letter for "Platinum International Brands Fund". A copy of the letter can be downloaded here. The fund returned over 4% in the quarter but lost 14% over the past year, primarily due to the dominance of tech stocks amid an AI investment boom. Consumer-focused sectors underperformed due to weak sentiment and challenges such as high interest rates and rising oil prices, which have contributed to record-low consumer confidence. However, the fund's holdings remain fundamentally strong, with top holdings averaging 13% sales growth and 19% profit growth. The letter noted that positive developments include resumed job growth, reduced oil prices, and easing fiscal policy, which potentially enhance consumer sentiment. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Platinum International Brands Fund highlighted Birkenstock Holding plc (NYSE:BIRK). Birkenstock Holding plc (NYSE:BIRK) engages in the manufacturing and distribution of footwear products. On July 28, 2026, Birkenstock Holding plc (NYSE:BIRK) closed at $41.85 per share, reflecting a market capitalization of $7.7 billion. Birkenstock Holding plc (NYSE:BIRK) posted a one-month return of -4.95%, while its shares lost 19.67% over the past 52 weeks.
Platinum International Brands Fund stated the following regarding Birkenstock Holding plc (NYSE:BIRK) in its Q2 2026 investor update:
"Birkenstock Holding plc (NYSE:BIRK) (+23%) was among our strongest contributors over the past quarter. The German sandal-maker, with two and a half centuries of heritage, keeps finding fresh ways to grow as a capable management team burnishes the brand, opens new product lines and expands overseas. It earns a 24% operating margin and a 40% return on capital and grew profits 25% on a year ago. Any private owner would be content with these numbers. The CEO, who bought millions of euros in stock this year, and the board, which recently launched a substantial buyback, plainly agree."
Birkenstock Holding plc (NYSE:BIRK) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 32 hedge fund portfolios held Birkenstock Holding plc (NYSE:BIRK) at the end of the first quarter, compared to 41 in the previous quarter. In the second quarter of fiscal 2026, Birkenstock Holding plc (NYSE:BIRK) reported revenue of EUR 618 million, an 8% year-over-year increase on a reported basis. While we acknowledge the potential of Birkenstock Holding plc (NYSE:BIRK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#holding #birk #year #letter

Harris Oakmark recently released its second-quarter 2026 investor letter for the "Oakmark International Small Cap Fund". A copy of the letter can be downloaded here. The fund focuses on long-term capital appreciation by investing in small-cap companies located outside the U.S. In the quarter, the fund (Investor Class) delivered a return of 4.82%, trailing the benchmark, the MSCI World ex USA Index's 7.94 % return. Information technology and industrials were the top performance contributors at the sector level, while consumer staples and materials were the largest detractors. Enthusiasm for AI continued to be the defining market theme. The firm focuses on evaluating companies based on their competitive advantages, long-term cash flow potential, and valuation, instead of prediction relative to intrinsic value. In addition, you can check the Fund's top five holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, Oakmark International Small Cap Fund highlighted Birkenstock Holding plc (NYSE:BIRK). Birkenstock Holding plc (NYSE:BIRK) engages in the manufacturing and distribution of footwear products. On July 14, 2026, Birkenstock Holding plc (NYSE:BIRK) closed at $44.36 per share, reflecting a market capitalization of $8.16 billion. Birkenstock Holding plc (NYSE:BIRK) posted a one-month return of -5.52%, while its shares lost 7.08% over the past 52 weeks.
Oakmark International Small Cap Fund stated the following regarding Birkenstock Holding plc (NYSE:BIRK) in its Q2 2026 investor update:
"Birkenstock Holding plc (NYSE:BIRK) is a Germany-headquartered premium footwear company that designs, manu factures, and distributes sandals and closed-toe footwear globally, anchored by a proprietary cork and-latex footbed with documented orthopedic function. The premium footwear segment benefits from an oligopolistic structure in comfort-focused categories, where brand heritage, proprietary ma terials, and sustained supply discipline create mean ingful barriers to replication. We believe Birkenstock's fully vertically integrated manufacturing model and consistent full-price sell-through dis tinguish it from conventional footwear peers and support more durable growth and margins than the current share price implies. The stock has de-rated due to a combination of tariff exposure, dollar weakness, and market skepticism about the dura bility of recent product momentum — concerns we view as transitory or overstated — leaving shares trading at a meaningful discount to our estimate of intrinsic value."