lovelyday12 Allbirds, Inc. (NASDAQ:BIRD) has recently announced a 1/20 reverse split to maintain compliance with the NASDAQ's minimum bid price requirement of $1 per share. Since then, the share price has increased over 30%, showing some optimism among shareholders. In this article, I considered reviewing Allbirds' recent financial performance, with an emphasis on the headwinds that the company is facing, such as declining demand for their products, which has resulted in poor financial results. In the outlo ...

Key Takeaways Allbirds underwent a 1-for-20 reverse stock split after the Wednesday's close. The move upped the company's share price above the Nasdaq's minimum requirement of $1. The total number of shares outstanding decreases following a reverse split, but individuals' stakes in the company do not change. Allbirds (BIRD) completed a 1-for-20 reverse stock split Wednesday evening, a move meant to maintain the footwear and apparel maker and retailer's listing on the Nasdaq. A reverse split combines a set n ...

SAN FRANCISCO, Aug. 30, 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 it will proceed with a 1-for-20 reverse stock split ("Reverse Stock Split") of its outstanding shares of Class A Common Stock and Class B Common Stock (collectively, the "Common Stock") following approval by its Board of Directors. The 1-for-20 ratio is within the range approved by stockholders at a sp ...

SAN FRANCISCO, Aug. 15, 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 Ravi Thanawala, Chief Financial Officer of Papa John's International, Inc. (NASDAQ: PZZA), has been appointed to its Board of Directors, effective September 10, 2024. "We are delighted to have Ravi join our Board," said Joe Vernachio, CEO and Board Director. "Ravi is a seasoned consumer executive with ...

Allbirds, Inc. (NASDAQ:BIRD) Q2 2024 Earnings Conference Call August 7, 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 Ethan Saghi - BTIG Alex Straton - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the Allbirds Second Quarter 2024 Conference Call. All participants have been placed in a listen-only mode. After management's prepared remarks, ...

For the quarter ended June 2024, Allbirds, Inc. (BIRD) reported revenue of $51.58 million, down 26.8% over the same period last year. EPS came in at -$0.12, compared to -$0.18 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $50.34 million, representing a surprise of +2.47%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being -$0.18. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

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 June 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 incor ...

ALLBIRDS REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS Q2 2024 Results Within or Above Guidance Ranges Continued Operational and Financial Progress SAN FRANCISCO, Calif., August 7, 2024 (GlobeNewswire) – Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Overview • Second quarter net revenue decreas ...

SAN FRANCISCO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Allbirds Inc., a global lifestyle brand that innovates with naturally derived materials to make better products in a better way, announced that Belle Fashion Group has been appointed its exclusive distributor and licensee in mainland China, Macau and Taiwan, effective June 28th. The shift from a direct go-to-market model to a third-party distributor model internationally is a critical component of Allbirds's strategy to drive long-term, scalable growth in ove ...

SAN FRANCISCO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Allbirds Inc., a global lifestyle brand that innovates with naturally derived materials to make better products in a better way, announced that Belle Fashion Group has been appointed its exclusive distributor and licensee in mainland China, Macau and Taiwan, effective June 28th. The shift from a direct go-to-market model to a third-party distributor model internationally is a critical component of Allbirds's strategy to drive long-term, scalable growth in ove ...