Birkenstock: Buy The Dip
BIRKBirkenstock plc(BIRK) Seeking Alpha·2024-09-06 08:51
herstockart The Q2 earnings season is coming to a close, and one major trend that has emerged is a big beating in consumer discretionary names. Across restaurant stocks, food, and retail names, we've seen the impacts of weaker consumer spending starting to color near-term results. Birkenstock (NYSE:BIRK), the German shoemaker, has been one of the unfortunate laggards within this group. After an impressive year-to-date rally, Birkenstock shares have fallen more than 20% after reporting lackluster Q2 resu ...