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Allbirds Stock May Fall As Retail Bankruptcies Rose 80% In 2024
Forbes· 2024-12-27 16:07
AUCKLAND, NEW ZEALAND - MARCH 19: Jamie McLellan of Allbirds speaks at the Better By Design CEO ... [+] Summit 2019 at Villa Maria Estate on March 19, 2019 in Auckland, New Zealand. The two-day summit brings business and creative leaders from around the world to share their business experiences. (Photo by Fiona Goodall/Getty Images for NZTE)Getty Images for NZTEWhat separates the most successful retailers from those that go bankrupt? Since retail bankruptcies have risen in 2024, investors and business leade ...
Allbirds to Participate in Upcoming Investor Conference
GlobeNewswire News Room· 2024-11-20 21:05
SAN FRANCISCO, Nov. 20, 2024 (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 that Joe Vernachio, CEO, and Annie Mitchell, CFO, will be participating in the Morgan Stanley Global Consumer & Retail Conference on Wednesday, December 4, 2024 in New York City. About Allbirds, Inc. Based in San Francisco, with its roots in New Zealand, Allbirds launched in 2016 with a single shoe: the now ...
BIRD Q3 Loss Narrower Than Expected, Revenues Fall on Lower Unit Sales
ZACKS· 2024-11-07 17:11
Allbirds, Inc. (BIRD) posted third-quarter 2024 results, wherein the bottom line outpaced the Zacks Consensus Estimate. Earnings were also above the year-ago quarterly number. 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 th ...
Allbirds(BIRD) - 2024 Q3 - Earnings Call Transcript
2024-11-07 02:16
Allbirds, Inc. (NASDAQ:BIRD) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Christine Greany - The Blueshirt Group Joe Vernachio - Chief Executive Officer Annie Mitchell - Chief Financial Officer Conference Call Participants Janine Stichter - BTIG Alex Straton - Morgan Stanley Dylan Carden - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to the Allbirds Third Quarter 2024 Conference Call. All participants have been placed in a listen-only mode. Af ...
Compared to Estimates, Allbirds, Inc. (BIRD) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-07 01:36
For the quarter ended September 2024, Allbirds, Inc. (BIRD) reported revenue of $43 million, down 24.9% over the same period last year. EPS came in at -$2.68, compared to -$4.20 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $42.11 million, representing a surprise of +2.10%. The company delivered an EPS surprise of +14.38%, with the consensus EPS estimate being -$3.13.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...
Allbirds, Inc. (BIRD) Reports Q3 Loss, Tops Revenue Estimates
ZACKS· 2024-11-07 00:45
Allbirds, Inc. (BIRD) came out with a quarterly loss of $2.68 per share versus the Zacks Consensus Estimate of a loss of $3.13. This compares to loss of $4.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.38%. A quarter ago, it was expected that this company would post a loss of $3.60 per share when it actually produced a loss of $2.40, delivering a surprise of 33.33%.Over the last four quarters, the company has surpassed ...
Allbirds(BIRD) - 2024 Q3 - Quarterly Report
2024-11-07 00:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40963 Allbirds, Inc. (Exact name of registrant as specified in its charter) Delaware 47-3999983 (State or other jurisdiction of ...
Allbirds(BIRD) - 2024 Q3 - Quarterly Results
2024-11-06 21:09
ALLBIRDS REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Q3 2024 Results Within Guidance Ranges Updates Full Year Outlook SAN FRANCISCO, Calif., November 6, 2024 (GlobeNewswire) – Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Overview • Third quarter net revenue decreased 24.9% to $43.0 million versus a year ago, within ...
Allbirds Reports Third Quarter 2024 Financial Results
GlobeNewswire News Room· 2024-11-06 21:05
Q3 2024 Results Within Guidance RangesUpdates Full Year Outlook SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Overview Third quarter net revenue decreased 24.9% to $43.0 million versus a year ago, within the Company’s guidance range.Third quarter gross margin improved a ...
Allbirds, Inc. (BIRD) Surges 12.8%: Is This an Indication of Further Gains?
ZACKS· 2024-10-29 16:05
Allbirds, Inc. (BIRD) shares rallied 12.8% in the last trading session to close at $11.78. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.3% loss over the past four weeks.The company is optimistic about its ongoing operational and financial improvements, reflecting a significant milestone in its strategic transformation over the past 18 months. With a focus on three core areas — product quality, compellin ...