German sandal maker Birkenstock on Thursday raised its expectations for fiscal year 2025 revenue, driven by demand for its clogs and shoes from affluent shoppers despite price hikes.

The company now expects sales of at least 2.09 billion euros ($2.45 billion), implying growth of about 17.5% at constant currency rates over last year. The New York-listed company had previously said it expects full-year revenue growth at the higher end of its forecast range of 15%-17%.

At least 520 million euros of sales are set to be recorded in the fourth quarter, an 18% growth year-on-year for the three- month period, Birkenstock said.

The company has been increasing prices to mitigate the impact of a 15% U.S. tariff on European imports. But that has not deterred demand for products including the sued

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