NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of  Allbirds, Inc. (“Allbirds” or the “Company”) (NASDAQ: BIRD).  Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Allbirds and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On March 11, ...

SAN FRANCISCO, April 17, 2025 (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 its first quarter 2025 financial results will be released after market close on Thursday, May 8, 2025. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbi ...

LOS ANGELES, April 16, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Allbirds, Inc. ("Allbirds" or "the Company") (NASDAQ: BIRD) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Allbirds reported its Q4 and full year 2024 financial results on March 11, 2025. ...

NEW YORK, March 31, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Allbirds, Inc. ("Allbirds" or the "Company") (NASDAQ: BIRD). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. On this news, Allbirds' stock price fell $0.81 per share, or 13.15%, to close at $5.35 per share on March 12, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premi ...

SAN FRANCISCO, March 20, 2025 (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 following investor conference: J.P. Morgan Retail Round UpThursday, April 3, 2025New York City About Allbirds, Inc. Allbirds is a global modern lifestyle footwear brand, founded in 2015 with a commitment to make better things in ...

Financial Data and Key Metrics Changes - Net revenue for Q4 2024 totaled $56 million, aligning with guidance [32] - Gross margin was reported at 31.3%, influenced by inventory adjustments and a higher mix of international distributor sales [33][34] - SG&A expenses for Q4 were $24 million, down 24% year-over-year, reflecting lower occupancy and personnel costs [35] - Adjusted EBITDA for Q4 was a loss of $19 million, approximately flat compared to the previous year [38] Business Line Data and Key Metrics Changes - The company reduced its US store footprint, closing 15 locations in 2024, with an additional five closures post-quarter [10][36] - Marketing expenses in Q4 totaled $12 million, down 17% year-over-year, as the company held back on top-of-funnel spending [37] Market Data and Key Metrics Changes - The full-year impact of international distributor transitions and retail store closures was over $22 million [32] - For 2025, net revenue is expected to be between $175 million and $195 million, with a projected growth of approximately 10% at the midpoint, excluding structural impacts [42][74] Company Strategy and Development Direction - The company is focused on rebuilding for future growth and profitability, with a strategic transformation plan in place [8][30] - A new product lineup is set to launch in fall 2025, including an updated Runner and a fully waterproof collection [17][18] - The marketing strategy includes a new brand campaign featuring Stanley Tucci, aimed at engaging consumers through storytelling [19][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macro backdrop affecting consumer behavior, but expressed confidence in the company's strategic initiatives [28][56] - The company anticipates a return to top-line growth in Q4 2025 as product and marketing initiatives take effect [29][48] Other Important Information - The company ended 2024 with cash and cash equivalents of $67 million and no outstanding borrowings [39] - Inventory levels were reported at $44 million, down 24% year-over-year, positioning the company well for 2025 [39] Q&A Session Summary Question: Factors contributing to confidence in return to growth in Q4 - Management highlighted the accumulation of efforts in rebuilding the business framework and enhancing the product engine [52][54] Question: Insights on the macroeconomic environment - Management noted changes in consumer behavior and traffic, indicating a choppy environment but expressed confidence in future stabilization [56][58] Question: Key metrics to monitor for growth confirmation - Management is focused on driving traffic and ensuring high-value customer acquisition [66][67] Question: Differences in growth potential between Q3 and Q4 - Management indicated that Q3 would see improvements but not full growth, with Q4 expected to benefit from new product assortments [69][74]

Strategic Transformation and Business Model - The company announced a strategic transformation plan in March 2023 aimed at reigniting product and brand, optimizing U.S. stores, and transitioning to a distributor model internationally [84]. - The transition to a distributor model may not be successful, potentially impacting operating results and brand value [80]. - The transition to a distributor model in Canada, South Korea, Japan, Australasia, and China may negatively impact operating results and brand value due to limited experience with third-party distribution [97]. - The success of distributor arrangements will depend on factors such as international demand and the distributors' ability to meet sales targets [98]. - The company is investing in technology and business infrastructure, with a strategic transformation plan to slow U.S. store openings and transition to a distributor model internationally [144]. Financial Performance and Losses - The company has incurred significant net losses since inception and anticipates continuing to incur losses for the foreseeable future [80]. - The company incurred full year net losses of $93.3 million and $152.5 million in 2024 and 2023, respectively, with an accumulated deficit of $484.5 million as of December 31, 2024 [107]. - The company anticipates continued significant losses in the future and will need to generate increased revenue levels to achieve profitability [108]. - The company has incurred substantial net operating losses, which may be limited in their utilization due to ownership changes or state tax law provisions [228]. Economic and Market Risks - Economic uncertainty in key markets may adversely affect consumer purchases of discretionary items, impacting demand for the company's products [80]. - The competitive market for footwear and apparel may result in pricing pressures and reduced profit margins, impacting market share and profitability [109]. - Economic uncertainty in key markets may adversely affect consumer purchases of discretionary items, leading to unpredictable trends in consumer spending [101]. - The company may experience challenges in accurately forecasting consumer demand, impacting inventory management and sales [125]. Sustainability and ESG Concerns - The company is focusing on using sustainable materials, which may increase costs and hinder revenue growth [80]. - The company plans to invest in sustainable materials and environmentally friendly practices, which may increase costs and hinder revenue growth [112]. - The company faces risks related to its ESG activities and disclosures, which could harm its reputation and brand if public sustainability targets are not met [80]. - The company has set ambitious sustainability targets, including reducing per-unit carbon emissions to less than 1 kg of CO2 equivalent by 2030 [145]. - Climate change and increased focus on sustainability may adversely affect the company's reputation and financial results due to rising raw material costs and production disruptions [113]. Operational and Supply Chain Risks - The company transitioned all new footwear manufacturing to a single manufacturer in Vietnam, increasing supply chain concentration risks [121]. - The company relies on third-party suppliers for raw materials, which may lead to supply chain disruptions and increased costs if demand rises or if existing suppliers are replaced [163]. - Shipping and delivery disruptions could negatively impact customer satisfaction and the company's financial performance [171]. - The company relies on third-party logistics providers for distribution, and any failure in these facilities could adversely affect operations [172]. Legal and Compliance Issues - The company is currently involved in two securities class action lawsuits alleging violations of the Exchange Act and Securities Act, with the court consolidating the cases on July 25, 2023 [239]. - The company faces potential legal expenses to protect its brand and intellectual property rights, which could negatively impact its financial condition [157]. - The company is currently defending invalidation actions in China against several granted trademark registrations [177]. - The company faces risks related to the protection of its intellectual property rights, which may be inadequate to prevent infringement and could diminish brand value [173]. Corporate Governance and Stockholder Concerns - The company's status as a public benefit corporation may impact its ability to provide maximum returns to stockholders due to the obligation to balance stakeholder interests [231]. - The dual class structure of the common stock concentrates voting control with co-founders and principal stockholders, limiting influence of other stockholders on corporate matters [250]. - The company may pursue growth through acquisitions or investments in complementary businesses, technologies, or products, which involves integration risks [265]. - The concentrated voting power of Class B stockholders may limit the ability of other stockholders to influence major corporate transactions [251]. Marketing and Customer Engagement - The company’s marketing strategy includes global brand marketing campaigns across multiple platforms to drive customer engagement and acquisition [117]. - The company is focusing on maintaining a strong community of engaged customers through social media, which is critical for brand appeal and customer acquisition [140]. - Negative commentary on social media can adversely affect the company's reputation and financial condition [141]. - Marketing initiatives have become increasingly expensive, and the company may struggle to generate a meaningful return on these investments [119]. Technology and Cybersecurity Risks - The company is increasingly dependent on third-party technology providers, which may lead to vulnerabilities and operational disruptions [186]. - Cybersecurity incidents could lead to unauthorized access to sensitive information, adversely affecting customer trust and business operations [193]. - The company maintains cyber errors and omissions insurance, but coverage may not be adequate for potential losses from cyber incidents [194]. - Changes in privacy and data protection laws could impose additional requirements and adversely affect the company's marketing activities and financial condition [195].

Financial Performance - Fourth quarter net revenue decreased 22.4% to $55.9 million compared to $72.0 million in Q4 2023, within the company's guidance range [4] - Full year net revenue decreased 25.3% to $189.8 million compared to $254.1 million in 2023 [8] - Fourth quarter net loss was $25.7 million, or $3.23 per share, compared to a net loss of $56.8 million in Q4 2023 [8] - Full year net loss was $93.3 million, or $11.87 per share, compared to a net loss of $152.5 million in 2023 [12] - Adjusted EBITDA loss for Q4 2024 was $19.2 million, above the company's guidance range; full year adjusted EBITDA loss was $70.0 million [7][12] - The total comprehensive loss for Q4 2024 was $28,378,000, compared to $55,065,000 in Q4 2023, showing a 48.5% reduction [26] - The company experienced a full year net loss of $93,318,000 in 2024, compared to a net loss of $152,458,000 in 2023 [37] Gross Margin and Expenses - Fourth quarter gross margin declined approximately 670 basis points to 31.3% compared to 38.0% in Q4 2023; full year gross margin improved approximately 170 basis points to 42.7% [5][9] - Marketing expense in 2024 totaled $41.6 million, or 21.9% of net revenue, compared to $49.0 million, or 19.3% in 2023, primarily driven by decreased digital advertising spend [10] - Total operating expenses for Q4 2024 were $43,249,000, a reduction of 49.1% compared to $85,013,000 in Q4 2023 [26] - The net loss for Q4 2024 was $25,678,000, compared to a net loss of $56,779,000 in Q4 2023, indicating a 54.8% improvement [26] Inventory and Cash Flow - Inventory at quarter end was $44.1 million, representing a decrease of 23.6% versus a year ago [7] - Cash and cash equivalents decreased to $66,732,000 at the end of 2024 from $130,032,000 at the end of 2023 [30] - The company reported a net cash used in operating activities of $63,860,000 for 2024, compared to $30,222,000 in 2023 [32] Assets and Liabilities - Total assets decreased to $188,879,000 in 2024 from $312,705,000 in 2023, a decline of 39.6% [30] - Total liabilities decreased to $87,194,000 in 2024 from $127,376,000 in 2023, a reduction of 31.6% [30] Future Guidance and Strategic Changes - The company provided 2025 guidance with expected net revenue of $175 million to $195 million, including U.S. net revenue of $145 million to $160 million [13] - The transition to a distributor model in international markets is expected to negatively impact revenue by approximately $18 million to $23 million in 2025 [13] - The company closed a total of 14 stores in the U.S. throughout 2024, reducing the total store count to 30 by December 2024 [40] - The company transitioned operations of multiple international stores to distributors, including six stores in China in Q3 2024 [40] International Revenue - International net revenue for Q4 2024 was $9,882,000, down 38.5% from $16,190,000 in Q4 2023 [37] Stock-Based Compensation and Impairment - The company reported stock-based compensation expense of $2,579,000 for Q4 2024, down from $3,684,000 in Q4 2023 [34] - The impairment expense for Q4 2024 was $1,800,000, consistent with the same amount in Q4 2023 [34]

Core Insights - Allbirds, Inc. reported financial results for Q4 and full year 2024, showing a decrease in net revenue and net loss compared to the previous year [2][10]. Financial Performance - Q4 2024 net revenue decreased by 22.4% to $55.9 million from $72.0 million in Q4 2023, primarily due to lower unit sales and international distributor transitions [5][11]. - Full year 2024 net revenue decreased by 25.3% to $189.8 million compared to $254.1 million in 2023 [11]. - Q4 gross profit was $17.5 million, down from $27.4 million in Q4 2023, with gross margin declining approximately 670 basis points to 31.3% [6][10]. - Full year gross margin improved by approximately 170 basis points to 42.7% in 2024 from 41.0% in 2023 [12][15]. - Q4 net loss was $25.7 million, or $3.23 per share, compared to a net loss of $56.8 million, or $7.39 per share, in Q4 2023 [9][10]. - Full year net loss was $93.3 million, or $11.87 per share, compared to $152.5 million, or $20.10 per share, in 2023 [10][15]. Operating Expenses - Selling, general, and administrative expenses (SG&A) in Q4 2024 were $29.2 million, or 52.2% of net revenue, down from $41.5 million, or 57.7% in Q4 2023 [7][10]. - Marketing expenses totaled $12.3 million, or 22.0% of net revenue, compared to $14.9 million, or 20.6% in Q4 2023 [8][10]. - Full year SG&A was $133.4 million, or 70.3% of net revenue, compared to $174.0 million, or 68.5% in 2023 [13][15]. Balance Sheet and Cash Flow - As of December 31, 2024, Allbirds had $66.7 million in cash and cash equivalents, with no outstanding borrowings under its $50.0 million revolving credit facility [10][16]. - Inventory at the end of Q4 2024 was $44.1 million, a decrease of 23.6% compared to the previous year [10][16]. 2025 Financial Guidance - Allbirds anticipates a negative revenue impact of approximately $18 million to $23 million in 2025 due to the transition from a direct selling model to a distributor model in international markets and the closure of 20 stores in the U.S. [17][19]. - For Q1 2025, the company projects net revenue between $28 million and $33 million, with adjusted EBITDA loss expected to be between $28 million and $25 million [19].

Core Insights - Allbirds, Inc. (BIRD) is expected to report a quarterly loss of $3.40 per share, a 22.7% increase in loss compared to the same period last year [1] - Revenue is forecasted at $55.5 million, reflecting a year-over-year decrease of 22.9% [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a reevaluation of initial estimates by analysts [1] Revenue Breakdown - 'Net Revenue- International' is projected to be $10.16 million, a decrease of 37.3% from the prior-year quarter [4] - 'Net Revenue- United States' is estimated to reach $45.20 million, suggesting a year-over-year decline of 19% [4] - Analysts expect the number of 'Stores' to be 34, down from 60 in the previous year [4] Market Performance - Allbirds, Inc. shares have shown a return of -11.6% over the past month, compared to a -4.1% change in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank 2 (Buy), indicating expectations to outperform the overall market in the near future [5]