New York CNN —Birkenstock sandals might be as pricey as ever, and the folksy footwear are as popular with shoppers as ever, too. Despite strong sales, the company gave a cautious outlook for 2024, saying it expects “modest headwind to impact margins.”Birkenstock shares dipped nearly 8.5% on the news Thursday. “They have really strong profitability that was really eating them during their IPO and post IPO. “Overall the brand remains healthy with strong sales growth in the fourth quarter and encouraging first-quarter trends so far. “The comfort of these sandals coincided with the casual comfort dressing trend that was already in play pre-pandemic and accelerated through it.

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Persons: “, Abigail Gilmartin, Gilmartin, ”, TikTok, Beth Goldstein, Birkenstocks, Birkenstock, ” Goldstein Organizations: New, New York CNN, Bloomberg Intelligence, CNN, “ Locations: New York