12 Best IPO Stocks to Buy in 2025

Page 6 of 11

6. Birkenstock Holding (NYSE:BIRK)

Average Upside Potential as of March 21: 60.96%

Number of Hedge Fund Holders: 43

Birkenstock Holding (NYSE:BIRK) manufactures and sells a range of footwear, skincare, and accessory products globally. It’s known for its iconic sandals and utilizes e-commerce, retail stores, and business-to-business channels to reach its customers internationally.

In FQ1 2025, the company reported a 19% revenue increase, which was higher than its 15% to 17% annual growth target. Its growth is driven by expansion beyond traditional sandals, particularly in closed-toe footwear. The closed-toe shoe revenue more than doubled the overall business growth and represented over half of the total revenue in FQ1. The company is also pushing into DTC sales and the APAC region. The APAC region saw a 47% growth in this quarter.

The company’s B2B segment also performed strongly, with a 30% revenue increase. The DTC business grew by 10%, and Birkenstock Holding (NYSE:BIRK) anticipates that this segment will outpace B2B growth in the latter half of 2025 due to new store openings and digital investments. The company is reaffirming its full-year revenue growth target of 15% to 17% now.

Page 6 of 11