Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-price selling and strong demand for its closed-toe silhouettes and cork-based sandals. Wholesale retailers are still stocking up on in-demand products like Birkenstock despite a wider effort to cut back on inventory due to waning demand for discretionary items such as footwear. Demand for Birkenstock's sandals and shoes made of cork also got a boost from Margot Robbie donning a pair of pink Birkens in the movie "Barbie" last year.
The company now expects fiscal 2024 revenue between 1.77 billion euros ($1.91 billion) and 1.
78 billion euros, compared with its prior forecast of 1.74 billion euros to 1.76 billion euros.
Birkenstock reported quarterly revenue of 481.2 million euros, compared with market expectations of 466.1 million euros, according to LSEG data.
Saudi Arabia’s Fashion Commission will hold an open talk on Thursday to explore the latest trends for Spring-Summer 2024. The virtual discussion will cover the most prominent fashion trends of the season, including the colors of SS24 and how to incorporate them into daily fashion, as well as key trends such as flowing dresses, patterned fabrics, and garments decorated with embroidery. The meeting will also address accessories and fabrics for summer and spring 2024, providing insights on how to choose the ideal fashion for hot weather.
Joining the talk will be designer Tima Abed, renowned for her creations in.
