How did Birkenstock's revenue and expenses trend in Q3 2024?

Birkenstock's revenue and expenses in Q3 2024 showed a business-oriented trend with a significant focus on the Business-to-Business segment. 1. **Revenue Trend**: - Birkenstock's total revenue for Q3 2024 was $1.12 billion. - The Business-to-Business segment was the largest contributor with $741.84 million, followed by Direct-to-Consumer at $559.25 million and $538.69 million, and $298.22 million in the same segment. - The company also reported $196.54 million and $192.73 million from Business-to-Business and Direct-to-Consumer, respectively. - The Other segment contributed $4.43 million and $4.02 million. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Other|3607000|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Other|2806000|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Other|1859000|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Direct-To-Consumer|1.60655E8|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Other|1859000|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Business-To-Business|1.4041E8|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Other|5289000|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Direct-To-Consumer|5.98664E8|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Business-To-Business|8.87957E8|169| |BIRK|BIRK.N|Birkenstock Holding|20231001-2024|Other|5289000|169| |code|Ticker|Name|Date|Total Revenue|Operating Expenses|market_code| |---|---|---|---|---|---|---| |BIRK|BIRK.N|Birkenstock Holding|2023 Q4|3.964163112E8||169| |BIRK|BIRK.N|Birkenstock Holding|2024 Q1|3.350945288E8||169| |BIRK|BIRK.N|Birkenstock Holding|2024 Q2|5.193104004E8||169| |BIRK|BIRK.N|Birkenstock Holding|2024 Q3|6.049122938E8||169| 2. **Expense Trend**: - Total operating expenses for Q3 2024 were $212.29 million. - Despite the significant revenue, the operating expenses remained relatively stable, indicating efficient cost management during the period. 3. **Analysis**: - Birkenstock's revenue streams are diversified across different segments, with Business-to-Business being the most lucrative. - The company's ability to maintain stable operating expenses despite higher revenues suggests a strong financial management approach. - The Direct-to-Consumer segment showed strong revenue potential, which could be a focus area for future growth strategies. In conclusion, Birkenstock experienced robust revenue growth in Q3 2024, driven primarily by its Business-to-Business operations, with efficient cost management ensuring a healthy profit margin.