Analysts expect Birkenstock to report Q2 2026 revenue of $816.55 million and EPS of $0.86, with the stock currently trading near $39.72—a significant discount to the $58.58 average analyst price target. Investors are primarily focused on the "constant-currency revenue growth" to determine if the footwear maker can maintain its double-digit expansion despite widening foreign exchange headwinds.
Recent quarters have been characterized by a widening gap between reported and constant-currency growth, alongside gross margin contraction driven by tariffs and manufacturing shifts. However, robust demand in the APAC region and an increasing direct-to-consumer sales mix continue to support the company's premium brand positioning and long-term guidance.