earnings
confidence high
sentiment neutral
materiality 0.70
Allbirds Q3 net revenue falls 24.9% to $43M, net loss $21.2M; provides updated FY outlook
Allbirds, Inc.
2024-Q3 EPS reported
-$8.64
revenue$133,905,000
- Q3 net revenue $43.0M (-24.9% YoY); within guidance range.
- Gross margin improved ~90 bps to 44.4%; net loss $21.2M (EPS -$2.68).
- Adjusted EBITDA loss $16.2M, within guidance; inventory down 28.1% to $57.5M.
- Cash $78.6M, no revolver borrowings; completed distributor transitions in China, Europe, and Latin America.
- Updated FY 2024 revenue guidance and narrowed Adjusted EBITDA range.