Birkenstock Holding plc (BIRK) Q2 2025 Earnings – Full Coverage
*Birkenstock Holding plc (BIRK) Q2 2025 Earnings – Full Coverage* *Key Highlights:* *Financials* – Q2 2025 revenue €574M (~$614M USD, +19% YoY, +18% constant currency), gross margin 57.7% (+1.4%), adjusted EBITDA €200M (+23%, 34.8% margin), EPS €0.55 (+33%). *Operations* – DTC +17%, B2B +18%, closed-toe +400bps mix, APAC +30%, Americas +23%, EMEA +12%; 77 owned stores (+6), membership 10M (+25%). *Strategy* – CEO Oliver Reichert emphasized brand equity, tariff mitigation (EU production), retail expansion; CFO Ivica Kroll raised EBITDA margin guidance to 31.3-31.8%. *Outlook* – FY 2025…