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年第三季度業績會議交流摘要:
Financial Performance:
金融業績:
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年第三季度創下歷史最高的季度營業收入,同比增長19%。
儘管與去年相比,毛利率降低了220個點子,但毛利率爲59.5%,較前一季度增加了320個點子,主要是由於從D2C轉向B20億渠道的變化。
第三季度調整後的EBITDA達到1.86億歐元,創下公司歷史上最強的季度EBITDA,較去年同期增長15%。
調整後的淨利潤增長了14%,調整後的每股收益爲0.49歐元,增長了11%。
截至2024年6月30日,現金及等價物達到4.04億歐元,經營現金流爲2.81億歐元,同比增長19%。
Business Progress:
業務進展:
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 新開了七家新店鋪,全球總數達到 64 家,增強了品牌的實體接觸點。顯著的零售業擴張值得關注。
會員計劃同比增長 36%,反映了消費者參與度和忠誠度的提升。
在印度和日本新開了門店等進一步擴張亞太地區的措施,爲該地區貢獻了 41% 的營業收入增長。
歐洲業務的戰略轉變,如逐步淘汰分銷商實現直接配送,增強了區域業績。
Risks:
風險:
A noticeable shift toward in-person shopping could impact the dynamics of online sales, requiring adjustments in digital and physical sales strategies.
明顯向線下購物的轉變可能影響在線銷售的動態,需要調整數字和實體銷售策略。
Tips: 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:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。
譯文內容由第三人軟體翻譯。