Menu

Post image 1
Post image 2
1 / 2
0

Birkenstock CEO Oliver Reichert Says He’s Confident of the Future

WWD·Vicki M. Young·19 days ago
#qOubkvmy
Reading 0:00
15s threshold

Birkenstock ‘s chief executive officer Oliver Reichert is not worried despite a changing geopolitical backdrop. The German footwear company on Wednesday posted second-quarter results for the period ended March 31, 2026. Net income fell 22.1 percent to 81.9 million euros, on a revenue gain of 7.7 percent to 618.3 million euros. Reichert said during the firm’s second quarter earnings conference call that since the quarter’s end, there has been multiple conflicts in the Middle East, disrupting global supply chains, and higher energy costs. “These cost pressures are fueling inflation , clearly causing pressure on consumer wallets,” he said, noting that the annual inflation rate in the U.S. jumped to 3.3 percent in March and Eurozone inflation reached 3 percent in April.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More