Allbirds Earnings Reports

Allbirds reported Q4 2024 revenue of $55.9 million, a 22.4% decline from the prior year, primarily due to lower unit sales and international distributor transitions. The company reported a net loss of $25.7 million, or ($3.23) per share. Gross margin declined to 31.3% due to inventory adjustments and increased freight costs. However, cost-cutting initiatives helped reduce selling, general, and administrative expenses. The company remains focused on product innovation and strategic shifts to improve performance in 2025.

Allbirds' Q3 2024 net revenue decreased by 24.9% to $43.0 million compared to the previous year, but was within the company's guidance range. Gross margin improved to 44.4%. The company is updating its full year 2024 revenue guidance and narrowing its Adjusted EBITDA guidance range.

Allbirds reported a decrease in net revenue by 26.8% to $51.6 million, but gross margin improved by 770 basis points to 50.5%. The company experienced a net loss of $19.1 million, with adjusted EBITDA loss of $13.7 million. They ended the quarter with $87.2 million in cash and cash equivalents and inventory decreased by 42% year over year.

Allbirds reported a decrease in net revenue to $39.3 million, but gross margin improved to 46.9%. The company's net loss decreased to $27.3 million. They are reiterating full year 2024 guidance.

Allbirds reported a decrease in net revenue for both the fourth quarter and the full year 2023, alongside a net loss. However, the company significantly reduced operating cash use and finalized agreements with Australasia and Japan distributors. They are entering 2024 with a strong cash position and healthy inventory.

Allbirds reported a decrease in net revenue by 21.2% to $57.2 million compared to the previous year. The company's net loss was $31.6 million, with adjusted EBITDA loss of $19.0 million. They have made strides in inventory reduction and cost control as part of their Strategic Transformation Plan.

Allbirds reported a 9.8% decrease in net revenue to $70.5 million compared to the previous year, but showed a 3.8% increase compared to Q2 2021. The company experienced a net loss of $28.9 million, or $.19 per share. However, it significantly reduced operating cash use and generated positive operating cash flow of $0.8 million. Gross margin increased to 42.8% compared to 36.1% in the second quarter of 2022.

Allbirds reported a decrease in net revenue by 13.4% to $54.4 million compared to 2022, but an increase of 9.5% compared to 2021. The company experienced a net loss of $35.2 million, or $0.23 per share, and an adjusted EBITDA loss of $21.7 million. They are executing a strategic transformation plan to reignite growth, improve capital efficiency, and drive profitability.

Allbirds reported a 13% decrease in net revenue to $84.2 million for Q4 2022 compared to Q4 2021, and a net loss of $24.9 million. The company announced a strategic transformation plan focused on reigniting growth, improving capital efficiency, and driving profitability.

Allbirds reported a 16% increase in net revenue to $72.7 million year-over-year for the third quarter of 2022. The company's U.S. physical retail channel sales grew 53% compared to 2021, with the opening of six new stores in the United States during the quarter. GAAP net loss was $25.2 million, or $0.17 per basic and diluted share, while adjusted net loss was $22.4 million, or $0.15 per basic and diluted share.

Allbirds reported strong second quarter performance, achieving revenue expectations and exceeding adjusted EBITDA expectations. Net revenue increased by 15% to $78.2 million, with a 21% growth in the United States. The company launched the Tree Flyer running shoe and introduced SwiftFoamTM technology. Simplification Initiatives are expected to generate annualized SG&A expense savings of $13 million to $15 million beginning in 2023.

Allbirds reported a 26% increase in net revenue to $62.8 million for Q1 2022, driven by strong growth in the U.S. market. The company's gross profit increased by 26% to $32.6 million, with a gross margin of 51.9%. However, the company experienced a GAAP net loss of $21.9 million and an adjusted EBITDA loss of $12.2 million, impacted by international headwinds and increased operating expenses.

Allbirds reported a strong finish to 2021 with Q4 revenue reaching a record $97.2 million, a 23% increase year-over-year and a 43% increase compared to 2019. The company's financial performance exceeded guidance targets, driven by strong global demand and successful execution during macro challenges. Full year 2021 net revenue rose 27% to $277.5 million compared to 2020.

Allbirds' Q3 2021 net revenue increased by 33% year-over-year to $62.7 million. Gross profit rose by 36% to $33.9 million, with a gross margin of 54.1%. The company's GAAP net loss was $13.8 million, and the adjusted EBITDA loss was $6.3 million. Allbirds opened four new stores during the quarter, bringing the total to 31 locations.