Birkenstock raises sales growth targets on back of strong quarter
German footwear manufacturer Birkenstock raised expectations for the remaining year after reporting strong quarterly financial results on Thursday. Birkenstock said that sales should climb by about 20% on a currency-adjusted basis during the company's financial year, which ends in October. The company had previously targeted sales growth of 17 to 18%. Birkenstock chief executive Oliver Reichert said the company continues to have great opportunities to expand sales of its existing products. He contended that sales of Birkenstock products - including the company's iconic scandals - are only mini...