Editor
Birkenstock Holding Plc disappointed investors by leaving its 2024 financial targets unchanged, even as consumers snapped up more of its high-end sandals and clogs.
Shares fell about 12 percent as of 7 a.m. in New York trading after the company affirmed its sales and profit targets for the fiscal year that ends Sept. 30. As of Wednesday, the stock had climbed about 32 percent since its October listing, narrowly outperforming the S&P 500 Index.
