Birkenstock misses sales estimates as consumers cut spending Reuters

(Reuters) – Birkenstock (NYSE: ) missed third-quarter earnings expectations on Thursday as customers pulled back from spending on expensive footwear such as the German sandal maker’s cork shoes amid the cost of living still high.

The company reported quarterly revenue of 564.8 million euros ($626.1 million), compared with analysts’ estimates of 565.2 million euros, according to LSEG data.

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