Birkenstock Holding plc (BIRK) Form 6-K — May 21, 2026
Birkenstock Holding plc announced a $250 million accelerated share repurchase agreement with Goldman Sachs International, citing a disconnect between its share price and underlying fundamentals. The company paid $250 million upfront on May 21, 2026, and expects to receive an initial delivery of approximately 6.0 million ordinary shares, representing about 80% of the total shares underlying the agreement. The final number of shares repurchased will be determined by the volume-weighted average price of the stock during the term of the agreement, with settlement expected before June 30, 2026.
Key figures
- Deal Value Usd
- 250000000
- Offering Price
- 33.21
- Shares Offered
- 6000000
- Settlement deadline
- June 30, 2026
- Revenue growth guidance
- 13-15% annually in constant currency
- Asr initial delivery pct
- 80%
AI analysis
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