NYSE:BIRKLuxury
Birkenstock’s Buyback Bet Highlights Price Disconnect And Leverage Trade Off
Birkenstock Holding (NYSE:BIRK) has entered into a US$250 million accelerated share repurchase agreement with Goldman Sachs International.
The company plans to repurchase about 6 million shares using a mix of cash and credit.
Management cites a disconnect between the current share price and the fundamentals of the business as a key reason for the buyback.
The repurchase program is expected to be completed by June 30, 2026, alongside a reiterated outlook for robust revenue...