Birkenstock warns of higher costs from tariffs, Middle East conflict
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Birkenstock shares dropped significantly after the company warned of increased costs. Higher U.S. tariffs and disruptions from the Middle East conflict are impacting shipments and consumer spending. Despite these challenges, Birkenstock maintains its annual sales and profit forecasts. The company is rerouting shipments to boost sales in other regions. Future cost pressures are expected to rise in the coming quarters.
