Allbirds Q2 revenue $70.5M, down 9.8% YoY; net loss $28.9M; Q3 guidance issued

Allbirds, Inc.

2023-Q2 EPS reported -$0.43 revenue$124,832,000

Net revenue $70.5M (down 9.8% YoY but up 3.8% vs Q2 2021); gross margin improved to 42.8% from 36.1%.
Net loss $28.9M ($0.19 per share) vs $29.4M YoY; adjusted EBITDA loss $18.3M vs $20.8M YoY.
Inventory $92.8M, down 24% YoY; generated $0.8M positive operating cash flow vs negative $24.1M a year ago.
SG&A rose to $46.2M (65.6% of revenue) due to 16 new stores; marketing spend cut to $12.5M (17.8% of revenue).
Restructuring charges of $1.0M tied to strategic transformation plan announced March 2023.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.