Birkenstock Holding Plc (BIRK) Q3 2024 Earnings Call Transcript Summary
Birkenstock Holding Plc (BIRK) Q3 2024 Earnings Call Transcript Summary
The following is a summary of the Birkenstock Holding Plc (BIRK) Q3 2024 Earnings Call Transcript:
以下是Birkenstock Holding Plc(BIRK)2024年第三季度业绩会议交流摘要:
Financial Performance:
金融业绩:
Birkenstock achieved the highest quarterly revenue in its history in Q3 2024, with a record 19% revenue growth in constant currency.
The gross profit margin was 59.5%, with a sequential increase of 320 basis points, despite being 220 basis points lower compared to the previous year, mainly due to the shift from D2C to B2B channels.
Third quarter adjusted EBITDA reached EUR 186 million, marking the strongest quarterly EBITDA in company history, up 15% versus the previous year.
Adjusted net profit increased by 14% with adjusted earnings per share at EUR 0.49, up 11%.
Cash and equivalents stood at EUR 404 million as of June 30, 2024, with operating cash flow at EUR 281 million, reflecting a 19% year-over-year increase.
Birkenstock在2024年第三季度创下历史最高的季度营业收入,同比增长19%。
尽管与去年相比,毛利率降低了220个基点,但毛利率为59.5%,较前一季度增加了320个基点,主要是由于从D2C转向B20亿渠道的变化。
第三季度调整后的EBITDA达到1.86亿欧元,创下公司历史上最强的季度EBITDA,较去年同期增长15%。
调整后的净利润增长了14%,调整后的每股收益为0.49欧元,增长了11%。
截至2024年6月30日,现金及等价物达到4.04亿欧元,经营现金流为2.81亿欧元,同比增长19%。
Business Progress:
业务进展:
Significant retail expansion noted with the opening of seven new stores in Q3, bringing the total to 64 stores globally, enhancing the physical brand touchpoints.
The Membership program grew by 36% year-over-year, reflecting enhanced consumer engagement and loyalty.
Continued strong performance in newer product lines, such as closed-toe silhouettes, which saw double the growth rate of the brand overall.
Further expansion in APMA region, including new store openings in India and Japan, contributing to a 41% revenue growth in the area.
Strategic shifts in European operations, such as phasing out distributors for direct distribution, which bolstered regional performance.
Q3 新开了七家新店铺,全球总数达到 64 家,增强了品牌的实体接触点。显著的零售业扩张值得关注。
会员计划同比增长 36%,反映了消费者参与度和忠诚度的提升。
在印度和日本新开了门店等进一步扩张亚太地区的措施,为该地区贡献了 41% 的营业收入增长。
欧洲业务的战略转变,如逐步淘汰分销商实现直接配送,增强了区域业绩。
Risks:
风险:
A noticeable shift toward in-person shopping could impact the dynamics of online sales, requiring adjustments in digital and physical sales strategies.
明显向线下购物的转变可能影响在线销售的动态,需要调整数字和实体销售策略。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:本文由AI生成。文章内容的准确性无法完全保证。有关更全面的详细信息,请参阅IR网站。本文只是为投资者提供参考,没有任何指导或推荐建议。