Core Insights - Allbirds launched a new content series titled "Cards On The Table," featuring a diverse lineup of guests and hosted by Stanley Tucci, aimed at exploring human connections through personal stories [1][2][5] Group 1: Series Overview - The series consists of four episodes and is part of the "Allbirds by Nature" platform, designed to foster curiosity and connection among guests from various backgrounds [1][2] - The first episode features guests such as Tan France, Carlos Sainz Jr., and Mel C, with future episodes including a range of notable personalities [5][7] Group 2: Production and Collaboration - The series is produced in collaboration with OBB Pictures and Salt Productions, with executive producers including Stanley Tucci and several others from OBB Media [4][6] - Dr. Orna Guralnik, a clinical psychologist, contributed to the series by creating discussion cards tailored to each episode's guests, enhancing the depth of conversations [3][5] Group 3: Brand Values and Marketing - Allbirds emphasizes its core value of "Live Curiously," aiming to highlight individuals who embody this ethos through their unique stories and approaches [5][7] - The series will be available weekly on Rolling Stone's YouTube channel and across Allbirds' digital platforms, promoting the brand's commitment to authentic storytelling [4][5]

Core Viewpoint - Allbirds, Inc. will release its fourth quarter and full year 2024 financial results on March 11, 2025, after market close, followed by a conference call to discuss the results [1]. Company Overview - Allbirds, Inc. is a global modern lifestyle footwear brand founded in 2015, focusing on sustainability and innovative materials [3]. - The company is known for its iconic Wool Runner and offers a range of products designed for superior comfort, utilizing materials such as Merino wool, tree fiber, and sugarcane [3]. Investor Relations - A live webcast of the upcoming conference call will be available on the Allbirds investor relations website, with a replay accessible for 12 months post-call [2]. - Contact information for investor relations and media inquiries is provided [4].

Core Viewpoint - Allbirds is launching the M0.0NSHOT Zero, the world's first net zero carbon shoe, on February 6, 2025, showcasing a significant advancement in sustainable footwear through innovative use of carbon-negative materials [1][3][6]. Product Details - The M0.0NSHOT Zero will be available in a limited edition of 500 pairs, sold in select cities including New York, London, Dubai, Tokyo, and Seoul [2][9]. - Each pair will feature a unique production number to highlight its rarity and significance [2]. - The shoe is priced at $200 USD and comes in unisex sizes 6-11 [8]. Sustainability Innovation - The shoe utilizes carbon-negative, regenerative wool sourced from New Zealand's Lake Hawea Station, which sequesters more carbon than it emits due to sustainable farming practices [4][10]. - Allbirds aims to reduce the carbon footprint of its products by using a greater share of regenerative wool, marking a shift in sustainable design philosophy [3][4]. Development Process - The project began in 2022 with the goal of creating a net zero carbon shoe, a challenging target compared to the industry average sneaker's carbon footprint of 14 kg CO₂e [6]. - After extensive research and development, including dozens of iterations, the first prototype was unveiled in 2023 [6]. Industry Impact - Allbirds has published an open-sourced toolkit to share innovations and methodologies that contributed to the M0.0NSHOT Zero, encouraging other brands to adopt sustainable practices [5]. - The company emphasizes the potential for the fashion industry to drive innovation in the climate fight, advocating for progress over perfection [6].

Core Insights - Allbirds is launching the M0.0NSHOT Zero, the world's first net zero carbon shoe, on February 6, 2025, utilizing carbon-negative materials like regenerative wool [1][3][6] - The shoe will be available in a limited edition of 500 pairs across select cities, emphasizing its rarity and innovative design [2][8] - The development of M0.0NSHOT Zero reflects Allbirds' decade-long commitment to sustainability and reducing the climate impact of its products [3][6] Product Details - M0.0NSHOT Zero features a unique production number for each pair, highlighting its limited availability [2] - The shoe is designed using a significant amount of regenerative wool sourced from New Zealand's Lake Hawea Station, which practices carbon sequestration [4][10] - It will be sold in unisex sizes 6-11 for $200 USD, with specific size conversions provided [8] Sustainability Efforts - Allbirds has created an open-sourced toolkit to share innovations and methodologies that contributed to the development of M0.0NSHOT Zero, encouraging other brands to adopt sustainable practices [5] - The project began in 2022, aiming to create a shoe with a carbon footprint significantly lower than the industry average sneaker, which is estimated at 14 kg CO₂e [6][10] - The carbon footprint calculation for M0.0NSHOT Zero includes on-farm carbon sequestration, deviating from standard industry practices to provide a more comprehensive view of emissions [10]

Core Insights - Allbirds is forecasting a 25% decline in revenue for the full year, projecting revenue to be around $190 million and an adjusted EBITDA loss of $73 million, which is an improvement of $24 million from 2023 [3] - The company reported a 25% drop in net revenue to $43 million in Q3 2024, alongside a net loss of $21.2 million, and burned through $11 million in cash during the quarter [11] - Analysts express mixed views on Allbirds' future, with some believing that the company needs to grow revenue rather than just cut costs to achieve profitability [4][5] Financial Performance - Allbirds' Q3 2024 financial performance showed a significant decline, with net revenue falling to $43 million and a net loss of $21.2 million [11] - The company is holding $79 million in cash and equivalents at the end of Q3, indicating a need for careful cash management moving forward [11] - The forecast for the full year indicates a significant adjusted EBITDA loss of $73 million, reflecting ongoing financial challenges [3] Market Position and Strategy - The new CEO, Joe Vernachio, aims to reintroduce the Allbirds brand and reinforce its aspirational position in the market [20] - Analysts are skeptical about Allbirds' ability to attract consumers who prioritize sustainable materials over design and style [4] - The company is developing new products, such as the Tree Glider and slip-on Lounger Lift, which have received positive consumer feedback [8] Industry Trends - Retail bankruptcies and store closures are on the rise, with 7,100 stores closed in 2024, a 69% increase from the previous year, and 45 retailers filing for bankruptcy, an 80% increase from 2023 [21] - The competitive landscape is shifting, with consumers increasingly seeking value, leading to challenges for retailers like Allbirds that may not be meeting these expectations [14][17]

Core Insights - Allbirds, Inc. will participate in the Morgan Stanley Global Consumer & Retail Conference on December 4, 2024, in New York City, with CEO Joe Vernachio and CFO Annie Mitchell representing the company [1] Company Overview - Allbirds, Inc. is based in San Francisco and originated in New Zealand, launching in 2016 with the Wool Runner shoe, which has become iconic [2] - The company has sold millions of pairs of shoes while focusing on comfort, style, and quality, utilizing sustainable materials such as SweetFoam™, made from sugarcane, and textiles from eucalyptus fibers and Merino wool [2]

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 ...

Financial Data and Key Metrics Changes - Net revenue for Q3 2024 totaled $43 million, reflecting lower unit sales partially offset by higher average selling prices [34] - Gross margin expanded by 90 basis points year-over-year to 44.4%, attributed to lower freight and duty costs [35] - SG&A expenses, excluding stock-based compensation and depreciation, totaled $25 million, down 24% year-over-year [36] - Cash and cash equivalents stood at $79 million with no outstanding borrowings [39] - Inventory decreased by 28% year-over-year to $57 million, indicating healthy levels heading into the holiday season [40] Business Line Data and Key Metrics Changes - The company launched two new products: the Tree Glider and the Lounger Lift, which received strong consumer response [9][10] - The company closed one US store in Q3 and an additional one shortly after, totaling 15 closures in 2024 [11][36] Market Data and Key Metrics Changes - Full year 2024 U.S. net revenue is expected to be between $143 million to $147 million, including a $10 million to $12 million impact from store closures [42] - International revenue is projected to be between $44 million and $46 million, with a $13 million to $16 million impact from transitions to a distributor model [43] Company Strategy and Development Direction - The company is focusing on a strategic transformation plan, including a shift to a distributor model in certain international markets [12] - Emphasis on product innovation and marketing initiatives to enhance brand awareness and cultural relevance [17][21] - Plans to improve e-commerce and in-store experiences starting mid-2025 [24][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the steps being taken to advance the business and achieve growth and profitability [8][13] - The company anticipates a return to growth in the back half of 2025, driven by a rich product pipeline and enhanced marketing efforts [51] Other Important Information - The company reported a 22% reduction in its per unit carbon footprint, highlighting its commitment to sustainability [30] - The M0.0NSHOT Zero, a net zero carbon shoe, was recognized in Time Magazine's Best Inventions of 2024 [30] Q&A Session Summary Question: Clarification on Q4 revenue guidance and factors affecting it - Management indicated that the timing of marketing spend and additional store closures contributed to the Q4 guidance, along with a stronger inventory position reducing the need for aggressive promotions [50] Question: Details on branded content planned for next year - The company is focusing on creating engaging content under the "Allbirds by Nature" narrative, with plans to partner with OBB Media for a premium digital content series [52][53] Question: Inquiry about inventory composition and SG&A expenses - Management confirmed that inventory levels are healthy, with a focus on in-season appropriate goods, and noted ongoing improvements in SG&A expenses [60][62] Question: Cash burn expectations and gross margin outlook - Management stated that the $11 million cash burn is expected to fluctuate seasonally, with a small uptick anticipated as new products are introduced in 2025 [64][66]

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) 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 ...