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Birkenstock: Fiscal Q2 Earnings Snapshot

LONDON (AP) — LONDON (AP) — Birkenstock Holding PLC (BIRK) on Wednesday reported fiscal second-quarter net income of $95.8 million.

On a per-share basis, the London-based company said it had profit of 52 cents. Earnings, adjusted for one-time gains and costs, came to 59 cents per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The sandal maker posted revenue of $723.6 million in the period, also missing Street forecasts. Eight analysts surveyed by Zacks expected $723.9 million.

Birkenstock shares have decreased 7% since the beginning of the year. The stock has decreased 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIRK at https://www.zacks.com/ap/BIRK

Aaron Donald ruled out of the Rams’ season opener against the 49ers, won’t travel to Australia

LOS ANGELES (AP) — Aaron Donald won't play in the Los Angeles Rams’ season opener against the 49ers in Melbourne, Australia, delaying the three-time Associated Press Defensive Player of the Year’s return to the field after ending his retirement last month. “I think he’ll be ready to go sooner rather than later. But we’re making a decision that we think is best for him and for our team,” coach Sean McVay said Tuesday. The 35-year-old Donald rejoined the Rams in August after two seasons away from the team, and the eight-time first team All-Pro has been working his way back into game shape. But with a 16-hour flight on deck ahead of the game, which will take place Friday morning local time at the Melbourne Cricket Ground, McVay decided the prudent decision was to keep Donald at home and allow him to continue his preparations. “He’s as great a competitor as there is,” McVay said. “Wants to be out there. Wants to influence and affect positive change for us. But I think he also understands there’s a necessary ramp up.”
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