Birkenstock shares plunge 15% as quarterly profits miss estimates
Shares in sandal maker Birkenstock plunged more than 15 percent on Thursday after the company reported weaker-than-expected quarterly profit and its global expansion plans hit profit margins. The Germany-based company reported adjusted earnings per share of 54 cents, below the 58 cents LSEG analysts had expected. The retailer reported sales of $624.6 million, up 19% […]