12 Best Young Stocks To Buy and Hold For 10 Years

4. Birkenstock Holding (NYSE:BIRK)

3-Year CAGR as of February 11: 17.57% 

Number of Hedge Fund Holders: 36

Birkenstock Holding (NYSE:BIRK) manufactures and sells footwear, which includes sandals, shoes, and closed-toe styles. It also sells skincare products and accessories. It operates through e-commerce, owned retail stores, and business-to-business channels globally.

In the full year FY24, the company’s revenue grew by 22% year-over-year. This growth was driven by its footwear business, particularly the core styles of shoes (what they call “coastal silhouettes”), which grew more than twice as fast as the overall business. The company also saw growth in the Asia Pacific, Middle East, and Africa region. Its retail stores also grew more than twice as fast as the overall business. It opened 20 new stores, bringing the total to 67.

Birkenstock Holding (NYSE:BIRK) focuses on creating new and innovative products, like orthopedic shoes, a refreshed professional line, and more options for outdoor use. The company has a growing base of loyal customers, which increased by over 30% to 8 million in FY24. It tries to balance growth between B2B sales and  D2C sales.