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Stock impact report

BIRD Q3 Loss Narrower Than Expected, Revenues Fall on Lower Unit Sales [Yahoo! Finance]

Allbirds, Inc. (BIRD) 
Company Research Source: Yahoo! Finance
However, the year-over-year decline in revenues was a disappointment. The company recently transitioned to a distributor model in China, streamlining its operations for better market penetration. It entered into a new distributor agreement covering six key European countries, further extending its reach in mainland Europe. Following the quarter's end, Allbirds also secured a new distributor agreement for six countries across Latin America, signaling its commitment to strengthening its international presence. The company's efficient management of operations and finances contributed to strong gross margins, cost reductions and effective inventory control this quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Allbirds, Inc. price-consensus-eps-surprise-chart | Allbirds, Inc. Quote Allbirds, a global lifestyle brand, posted a loss of $2.68 per share in the quarter under review. The reported figure was narrower than the Zacks Consensus Estimate of Show less Read more
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