New Products Fuel Progress in Allbirds Turnaround in Q3 [Yahoo! Finance]
Allbirds, Inc. (BIRD)
Company Research
Source: Yahoo! Finance
Wolverine Worldwide CEO Says Merrell and Saucony Sales 'Outpaced Forecast' in Q3 Steve Madden Raises 2024 Guidance After Q3 Earnings and Sales Beat Allbirds said that new product launches, a key pillar for the next phase of its transformation plan, helped it report results in line with expectations for the third quarter. The San Francisco-based footwear company reported that Q3 revenues dropped 24.9 percent to $43 million, in line with its guidance. Net loss was $21.2 million, or 2.68 cents per basic and diluted share, and adjusted EBITDA loss was $16.2 million, which was also in line with guidance. The results beat the expectations of analysts surveyed by Yahoo Finance, who were looking for a loss of $3.20 per share and $42 million in revenues. Allbirds said the sales decline was driven by lower unit sales, planned store closures and international distributor transitions. This was partially offset by higher average selling prices in the direct-to-consumer business. “We are
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BIRD
News
- This Sitewide Allbirds Black Friday Sale is a Great Family Gift Opportunity [CNET News]CNET News
- Allbirds to Participate in Upcoming Investor ConferenceGlobeNewswire
- Why People Are Losing Interest In Sustainability (And How Intentional Brands Can Change That) [Forbes]Forbes
- BIRD Q3 Loss Narrower Than Expected, Revenues Fall on Lower Unit Sales [Yahoo! Finance]Yahoo! Finance
- Allbirds Inc (BIRD) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... [Yahoo! Finance]Yahoo! Finance
BIRD
Earnings
- 11/6/24 - Beat
BIRD
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- BIRD's page on the SEC website