Birkenstock's shares down for 8 straight days, on track for worst-ever losing streak

Birkenstock Holding PLC's stock was on track for its worst losing streak Thursday since the company went public in October 2023, with shares falling for eight straight days, according to Dow Jones Market Data.

The stock has sold off since the iconic German sandal and clog maker's earnings last week showed profit that lagged consensus estimates. Executives on the call insisted that the company is firing on all pistons and seeing none of the weakness, trading down or caution among consumers that has dented other brands this earnings season.

They also backed the company's near- and medium-term targets and guidance. The stock is now down for nine of the past 10 days and has lost about 25% in the period.