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Birkenstock raises revenue forecast on strong demand, shares jump
1+ mon, 21+ hour ago (348+ words) Aug 13 (Reuters) – Birkenstock raised its full-year sales growth forecast and beat quarterly revenue estimates on Thursday, banking on resilient full-price demand for its premium sandals from affluent shoppers, sending its shares up about 12% premarket. Strong pricing power and brand loyalty…...
Sportswear brand On misses quarterly sales view as consumers demand weakens
1+ mon, 2+ day ago (309+ words) Aug 11 (Reuters) – Sportswear brand On missed Wall Street estimates for second-quarter net sales on Tuesday, as a tougher consumer environment and higher costs from U.S. tariffs weighed on demand. The company posted net sales of 850.3 million Swiss francs ($1.05 billion) in…...