Birkenstock Stock Tumbles on Earnings Miss, Profit Shock

TrustFinance Global Insights

May 13, 2026

2 min read

Birkenstock Stock Tumbles on Earnings Miss, Profit Shock

## Core Issues Driving the Decline Birkenstock shares plunged over 11% in pre-market trading following the release of its fiscal second-quarter results, which revealed a significant drop in profitability and missed both revenue and earnings expectations. ## A Deeper Look at the Numbers The German footwear brand reported revenue of €618.3 million, slightly below the €620 million consensus. More significantly, adjusted EPS came in at €0.50, missing the expected €0.59 and declining from €0.55 a year prior. The company also reported a €6 million negative impact in its EMEA segment related to regional conflict. ## Market Reaction and Investor Sentiment The sell-off was intensified by significant bearish sentiment, with short interest representing 19.6% of the stock's float. A broader risk-off tone in U.S. equities, with both the S&P 500 and NASDAQ declining, added to the pressure. Despite maintaining its annual sales forecast, investors focused on the immediate margin erosion and geopolitical headwinds. ### Concluding Analysis While management expressed confidence by holding its annual sales forecast steady, the combination of a double earnings miss and external pressures led investors to prioritize near-term profitability concerns, pushing the stock sharply lower. #### FAQ **Q:** Why did Birkenstock's stock drop sharply? **A:** The stock dropped over 11% pre-market due to a miss on second-quarter revenue and earnings per share, coupled with a reported €6 million impact from geopolitical conflict. **Q:** Did Birkenstock change its sales forecast for the year? **A:** No, the company kept its annual sales forecast unchanged, citing confidence in its brand and controlled distribution strategy. **Source:** [Investing.com](https://www.investing.com/news/stock-market-news/why-is-birkenstock-stock-sliding-today-93CH-4683575)