Sandal Leader Sees Market Cap Surge of 1 Trillion Won in One Day

Birkenstock Holding plc (NASDAQ: BIRK) closed at $45.85 on the New York Stock Exchange on the 24th, up 8.26%, lifting its market capitalization to $8.432 billion (approximately KRW 11.8 trillion). In a single day, its market value rose by $759.2 million (roughly KRW 1 trillion), with trading volume exceeding 1.05 million shares.

In its Q2 fiscal 2026 filing in May, the company noted that, despite revenue growth, margins were pressured by tariffs and currency fluctuations. At the same time, Birkenstock entered into a $250 million accelerated share repurchase agreement with Goldman Sachs, executing the buyback through the end of June. It continued its capital-policy disclosures, including a Form 6-K filed on June 22.

Founded in Germany in 1774, Birkenstock is renowned for its Arizona sandals and Boston clogs. The parent company is headquartered in Jersey with an operational base in London, and it went public on the NYSE in 2023.