German sandal maker Birkenstock reported record revenue of €303 million ($327.4 million) for the first quarter of fiscal 2024 which ended on December 31, 2023, an increase of 22%. The sandal maker headquartered in Linz am Rhein recorded a net loss of €7 million, improved from €9 million in the same time frame a year earlier. The company attributes its current losses to the cost of expanding its plant in the north-east German town of Pasewalk. “Our strategic investments into future growth are having a planned, temporary impact on our profitability,” Oliver Reichert, CEO of Birkenstock Group and…