Birkenstock UK profits fall despite jump in revenues
According to the retailer, ‘administrative expenses’ that added up to more than £4.4m led operating profits to drop from £962,506 to £743,632
Birkenstock has revealed that its profits fell 12% to £3.9m in the sandal brand’s UK division for the year to 30 September 2022, despite its revenue surging 49% to £34.5m.