Birkenstock cautions that tariffs will have a greater impact in 2026.

Birkenstock anticipates a rise in tariff impacts on goods sold in the 2026 fiscal year compared to 2025. In 2025, the company mitigated tariff effects through price increases and shipping goods before tariffs took effect. However, CFO Ivica Krolo noted that this strategy would not suffice in 2026, predicting a decline in gross margin and EBITDA by about 100 basis points due to additional tariffs. While price adjustments are planned, Krolo emphasized that they won't fully offset the tariff impact, prompting reviews of prices by style and efforts to enhance production efficiencies.