By Parija Kavilanz, CNN New York (CNN) — Popular footwear brand Birkenstock spooked investors with a cautious outlook in the New Year, even as its pricey-yet-folksy sandals stay on trend with shoppers young and old. The German shoemaker, which became a publicly-traded company in October, reported its first post-IPO quarterly results on Thursday. 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. The company said it expects adjusted earnings for the full year of about 30% pressured by “planned ramp up costs” compared to 32% in 2023. It also expects rev
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