Birkenstock misses profit forecast as margins hit by expansion plan
((Automatic translation by Reuters, see disclaimer https://bit.ly/rtrsauto)) (Updated operations in paragraph 1 and added analysts’ commentary in paragraphs 5 and 6) Birkenstock BIRK.N failed to meet quarterly profit expectations on Thursday as the German sand maker squeezed margins due to global expansion and increased production, sending its shares down 12% in early market trade. The … Read more