Buy BIRK by Sep 8, 2026.

On a recent trip to Croatia, Birkenstocks seemed to be everywhere. That’s obviously not an investment thesis on its own, but it did motivate me to take a closer look at the company. A few things stand out to me. The brand appears stronger than ever. Customers routinely pay $120 - $200 for what are essentially premium sandals. The company continues to expand globally while maintaining an exceptional gross margin of around 57%, which is pretty impressive for a footwear …