Birkenstock raises full-year forecasts as shoppers snap up pricey sandals

The business - which was founded by the eponymous cobbler Johannes Birkenstock more than 250 years ago - said its closed-toe shoes were booming. Celebrity fans include Kendall Jenner.

Birkenstock raises revenue forecast on strong demand, shares jump  reuters.com

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 7 per cent premarket.

GDP growth for 2026 is now expected to come in at 4.5% to 5.5%, more than double the low end of its previous forecast of 2%-4%

EconomyGlobal AI boom boosts exports, but officials wary of a potential pullbackA container terminal in Singapore. The country's electronics sector has gained from global AI-related demand. © ReutersDYLAN LOHAugust 11, 2026 09:04 JSTSINGAPORE -- Singapore's economy expanded 5.9% in the April-June quarter from a year ea