LONDON (AP) — LONDON (AP) — Birkenstock Holding PLC (BIRK) on Thursday reported a loss of $7.7 million in its fiscal first quarter.
The London-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The sandal maker posted revenue of $326.2 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $311.4 million.
Birkenstock shares have climbed 5% since the beginning of the year.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIRK at https://www.zacks.com/ap/BIRK