The campaign introduces the retro-inspired Varsity Collection alongside the new Dasher NZ, the latest evolution of Allbirds’ best-selling active shoeSAN FRANCISCO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Allbirds today unveiled its Spring/Summer 2026 campaign, “Say Yes,” a celebration of everyday movement starring actress Justine Lupe, editor and TV host Elaine Welteroth, celebrity makeup artist Nikki DeRoest, and entrepreneur Grace Cheng – each embodying intentional movement, balancing passion, purpose, and full ...

Digital-native retailers have struggled to find the right balance between online sales and opening brick-and-mortar locations. Having physical retail stores helps in that customers can sample products, which could lead to them becoming regular online customers. I bought my first Untuckit shirt, for example, in a physical store after trying it on. Since then, I have purchased multiple times from the company's website. Brick-and-mortar chains, however, cost money and can be a drag on profits compared to s ...

Allbirds shoe brand announced on Wednesday that it will close almost all of its U.S. stores by the end of February (except for two outlets) and go online, turning to e-commerce instead. It will continue to operate two London-based brick-and-mortar locations as well. Most Read from Fast Company Fast Company has reached out to Allbirds for more details about the locations that will be closing. “This is an important step for Allbirds, as we drive toward profitable growth under our turnaround strategy,” All ...

If the final San Francisco Allbirds store closes its doors and no one is around to hear them shut, did it make a sound?Once symbolic of a mid-2010s San Francisco tech bro, the shoe brand Allbirds is closing almost all of its physical stores by the end of February. Just two outlet stores in the US and two full-price stores in London will remain. “This is an important step for Allbirds, as we drive toward profitable growth under our turnaround strategy,” Allbirds CEO Joe Vernachio said in a statement. “We h ...

Core Viewpoint - Allbirds is shifting its focus from physical retail to online sales to enhance profitability, closing its remaining full-price stores in the U.S. by the end of February [1][2]. Group 1: Company Strategy - The CEO of Allbirds stated that the closure of unprofitable stores is a crucial step towards achieving profitable growth under a turnaround strategy [2]. - The company has been reducing its brick-and-mortar presence over the past two years to cut costs and support long-term business health [2]. - Allbirds will maintain two outlet stores in the U.S. and two full-price stores in London, indicating a strategic pivot rather than a complete exit from physical retail [2]. Group 2: Market Context - Allbirds originated in Silicon Valley and gained traction during the direct-to-consumer boom, going public in 2021 [3]. - The rise in rents and the declining appeal of physical retail have prompted Allbirds and other direct-to-consumer companies to prioritize digital sales [4]. Group 3: Financial Performance - In its third-quarter earnings report, Allbirds reported a 23.3% decline in net revenue compared to the same period the previous year, largely due to changes in international distribution and store closures [5]. - Net revenue from U.S. stores decreased by approximately 20% year-over-year [5]. - The company has a market cap of $32 million but has experienced a stock decline of over 80% in the past two years [5].

Announces U.S. store closuresSAN FRANCISCO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today announced actions to build a simpler and more profitable lifestyle footwear business. The Company will close its remaining full-price stores in the U.S. by the end of February 2026, enabling Allbirds to dedicate resources toward its e-commerce platform, wholesale partnerships and internat ...

Core Insights - The fast fashion industry is a significant environmental issue, contributing to high water consumption, carbon emissions, and pollution, while also increasing microplastic and textile waste [1] - The fashion industry is responsible for 4% to 10% of global greenhouse gas emissions, yet less than 1% of clothing is recycled into new garments due to the complexity of fabric blends [2] Company Overview - Circ, founded in 2011, has developed technology to separate polycotton materials into their original components, allowing for regeneration into new, virgin quality materials [3] - Circ's hydrothermal technology can recycle polyester and cotton, which together account for approximately 77% of the global textile market [3] Business Model - Circ sources old clothing that cannot be thrifted, repaired, or resold, and after breaking down the fibers, sells them back into the clothing supply chain [4] - Notable brands such as Allbirds, Zara, and H&M utilize Circ-recycled textiles in their products [4] Market Position - Circ's approach includes a small price premium, which is considered acceptable for environmentally conscious brands like Patagonia, an investor in Circ [5] - The company has raised a total of $100 million from various investors, including Patagonia and Temasek, to support its scaling efforts [6] Expansion Plans - Circ is headquartered in Danville, Virginia, and is expanding globally with its first industrial-sized textile-to-textile recycling plant located in France [7]

Core Insights - Allbirds, Inc. reported a quarterly loss of $2.49 per share, which was better than the Zacks Consensus Estimate of a loss of $2.64, and an improvement from a loss of $2.68 per share a year ago, resulting in an earnings surprise of +5.68% [1] - The company generated revenues of $32.99 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 6.96% and down from $43 million in the same quarter last year [2] - Allbirds shares have increased by approximately 18.9% year-to-date, outperforming the S&P 500's gain of 15.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$2.27 on revenues of $60.81 million, and for the current fiscal year, it is -$9.59 on revenues of $168.06 million [7] - The estimate revisions trend for Allbirds was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Retail - Apparel and Shoes industry, to which Allbirds belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported net revenue of $33 million, at the low end of guidance, reflecting strong customer response to new products but mixed performance from original icons [14] - Gross margin decreased to 43.2% from 44.4% in Q3 2024, primarily due to a higher mix of digital and international distributor sales and increased duties [14] - Q3 adjusted EBITDA loss was $15.7 million, slightly improved from a loss of $16.2 million a year ago [15] Business Line Data and Key Metrics Changes - New product launches, including the Wool Cruiser and Waterproof Collection, performed well, contributing to positive momentum [5][14] - Core franchises like the Original Runner have been slower to rebuild, indicating a need for sustained execution across multiple product cycles [5] Market Data and Key Metrics Changes - The company anticipates Q4 net revenue to range from $56 million to $61 million, reflecting flat to high single-digit growth compared to the previous year [17] - The impact of international distributor transitions and retail store closures is expected to decrease in Q4, contributing to improved sales [25] Company Strategy and Development Direction - The company is focused on revitalizing the brand through comfort, style, and sustainability, aiming for growth and profitability [4] - A renewed wholesale strategy is set to launch in spring 2026, with plans to expand presence in approximately 150 specialty retail stores across the U.S. [11] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic factors are distracting consumers, impacting sales, but expressed optimism about product momentum and upcoming launches [21][25] - The company is taking steps to enhance liquidity and reduce costs, including potential capital raising [12][16] Other Important Information - The company ended Q3 with $24 million in cash and cash equivalents, and $12 million in outstanding borrowings [16] - Inventory was reported at $43 million, down 25% year-over-year, reflecting strong inventory management [16][30] Q&A Session Summary Question: Focus on third-quarter sales results and future growth - Management acknowledged that while new products are performing well, core franchises like the Runner have not yet rebounded, and macro distractions are affecting consumer behavior [20][23] Question: Comments on inventory and Black Friday strategy - Management indicated that inventory is lean and well-managed, with a competitive strategy planned for Black Friday and Cyber Monday to maintain market share [30][32]

Financial Performance - Net revenue for Q3 2025 was $33.0 million, down 23.3% from $43.0 million in Q3 2024; for the nine months ended September 30, 2025, net revenue was $104.8 million, a decrease of 21.7% from $133.9 million in the same period of 2024[145]. - Gross margin for Q3 2025 was 43.2%, compared to 44.4% in Q3 2024; for the nine months ended September 30, 2025, gross margin was 42.7%, down from 47.5% in the same period of 2024[145]. - The company reported a net loss of $20.3 million for Q3 2025, slightly improved from a net loss of $21.2 million in Q3 2024; for the nine months ended September 30, 2025, the net loss was $57.7 million, compared to $67.6 million in the same period of 2024[145]. - Adjusted EBITDA loss for Q3 2025 was $15.7 million, compared to a loss of $16.2 million in Q3 2024; for the nine months ended September 30, 2025, adjusted EBITDA loss was $46.9 million, down from $50.9 million in the same period of 2024[145]. - Net revenue for the three months ended September 30, 2025, was $32.989 million, a decrease of $10.007 million or 23.3% compared to $42.996 million in 2024, primarily due to declines in U.S. direct business and international business[172]. - Gross profit for the same period decreased by $4.834 million or 25.3%, resulting in a gross margin of 43.2%, down from 44.4% in 2024[174][175]. - Net loss for the three months ended September 30, 2025, was $20.324 million, compared to a net loss of $21.177 million in 2024[172]. - Net revenue for the nine months ended September 30, 2025, was $104.787 million, a decrease of $29.118 million or 21.7% compared to $133.905 million in 2024[186]. - The decrease in nine-month net revenue was primarily driven by a $16.6 million decline in U.S. direct business and a $15.5 million decline in international business[186]. - Gross profit decreased by $18.8 million, or 29.6%, to $44.80 million for the nine months ended September 30, 2025, compared to $63.59 million in 2024[188]. - Gross margin declined to 42.7% for the nine months ended September 30, 2025, from 47.5% in 2024, primarily due to a lower percentage of sales from retail business[189]. Operational Changes - As of September 30, 2025, the company operated 23 stores, a reduction from 34 stores as of September 30, 2024, reflecting a strategic optimization of the store fleet[150]. - The company closed 9 stores in the U.S. and 1 store in the U.K. during the first three quarters of 2025, continuing its trend of store closures to enhance operational efficiency[149]. - Total operating expenses for the three months ended September 30, 2025, were $34.126 million, a decrease of $6.731 million or 16.5% compared to $40.857 million in 2024[176]. - Selling, general, and administrative expenses decreased by $9.289 million or 30.0% to $21.678 million, driven by reductions in personnel and occupancy costs[177]. - Marketing expenses increased by $1.864 million or 18.9% to $11.719 million, primarily due to higher digital advertising costs for new product launches[178]. - Total operating expense decreased by $31.3 million, or 23.1%, to $104.04 million for the nine months ended September 30, 2025, compared to $135.37 million in 2024[190]. - Selling, general, and administrative expense decreased by $33.2 million, or 31.8%, to $71.05 million for the nine months ended September 30, 2025[191]. Cash Flow and Financing - As of September 30, 2025, the company had cash and cash equivalents of $23.7 million[207]. - The company entered into a secured $50.0 million revolving credit agreement on June 30, 2025, with the potential to increase borrowing capacity by an additional $25.0 million[209]. - For the nine months ended September 30, 2025, net cash used in operating activities was $51.8 million, consisting of a net loss of $57.7 million, adjusted for non-cash charges of $13.1 million[217]. - During the same period in 2024, net cash used in operating activities was $53.0 million, with a net loss of $67.6 million, offset by non-cash charges of $21.5 million[218]. - Net cash used in investing activities for the nine months ended September 30, 2025, was $1.4 million, primarily due to $2.3 million in capital expenditures[220]. - Net cash provided by financing activities for the nine months ended September 30, 2025, was $9.3 million, primarily from $12.3 million in borrowings on the line of credit[222]. - The Credit Agreement has a maturity date of June 30, 2028, with customary representations and warranties, including restrictions on indebtedness and minimum consolidated EBITDA[212]. Strategic Focus - The company aims to grow brand awareness and customer acquisition through a cost-effective go-to-market strategy, focusing on both U.S. and international markets[146]. - The company emphasizes innovation in sustainable materials as a core part of its product development strategy, which may require ongoing investments and could delay profitability[151]. - Current macroeconomic conditions, including elevated inflation and supply chain disruptions, are expected to impact consumer spending and demand for the company's products[154]. - The company is committed to reducing its carbon footprint and environmental impact, which may lead to higher expenses in the short term[152]. Accounting and Reporting - As of September 30, 2025, there have been no changes to critical accounting estimates affecting the financial statements[225]. - The company is classified as an "emerging growth company" and may take advantage of certain exemptions from reporting requirements until December 31, 2026[227]. - The company reported a net decrease in cash, cash equivalents, and restricted cash of $43.0 million for the nine months ended September 30, 2025[214]. - Interest expense changed from income of $0.744 million in 2024 to an expense of $0.370 million in 2025, a change of $1.114 million or 149.7%[182]. - Interest income decreased by $2.98 million, or 99.7%, to $9, primarily due to a decrease in short-term investments[196]. - Other income decreased by $0.7 million, or 28.7%, to $1.75 million for the nine months ended September 30, 2025[198]. - Impairment expense increased to $0.729 million in the three months ended September 30, 2025, compared to no impairment in the same period in 2024[179].