Core Insights - Allbirds, Inc. reported first quarter 2025 financial results that were in line with or above guidance ranges, while reiterating its full year 2025 outlook and providing second quarter guidance [1][11]. Financial Performance - Net revenue for Q1 2025 decreased by 18.3% to $32.1 million compared to $39.3 million in Q1 2024, primarily due to planned retail store closures and international distributor transitions [4][9]. - Gross profit for the quarter was $14.4 million, down from $18.5 million in Q1 2024, with gross margin declining by 210 basis points to 44.8% [5][9]. - Selling, general, and administrative expenses were $25.2 million, representing 78.5% of net revenue, a significant decrease from 101.0% in Q1 2024 [6][9]. - Marketing expenses increased to $12.0 million, or 37.4% of net revenue, compared to $7.8 million, or 19.7% in Q1 2024, driven by investments in a new brand marketing campaign [7][9]. - The net loss for Q1 2025 was $21.9 million, or $2.73 per share, an improvement from a net loss of $27.3 million in Q1 2024 [7][9]. - Adjusted EBITDA loss improved to $18.6 million from a loss of $20.9 million in Q1 2024, with adjusted EBITDA margin declining to (58.1)% [8][9]. Balance Sheet Highlights - As of March 31, 2025, Allbirds had $39.1 million in cash and cash equivalents, with no outstanding borrowings under its $50.0 million revolving credit facility [9][27]. - Inventory at the end of the quarter was $42.9 million, a decrease of 29.3% compared to the previous year [9][27]. Guidance and Strategic Initiatives - The company reiterated its financial guidance for 2025, anticipating negative impacts of approximately $18 million to $23 million in revenue due to the transition from a direct selling model to a distributor model in certain international markets and the closure of specific U.S. stores [11][17]. - Allbirds launched a new brand marketing campaign, "Cards on the Table," featuring Stanley Tucci, aimed at increasing brand awareness ahead of fall product launches [3][11].

Core Viewpoint - The market anticipates a year-over-year decline in Allbirds, Inc. (BIRD) earnings due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Allbirds is expected to report a quarterly loss of $3.85 per share, reflecting a -6.9% change year-over-year [3]. - Revenue is projected to be $30.87 million, down 21.5% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 1.67% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -1.04%, suggesting a bearish outlook [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict earnings deviation, but its predictive power is significant mainly for positive readings [7][8]. - Stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have historically shown a nearly 70% chance of a positive surprise [8]. Historical Performance - In the last reported quarter, Allbirds was expected to post a loss of $3.52 per share but delivered a loss of $3.23, resulting in a surprise of +8.24% [12]. - Over the past four quarters, Allbirds has beaten consensus EPS estimates four times [13]. Conclusion - Allbirds does not appear to be a compelling earnings-beat candidate, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].

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]

Allbirds, Inc. (NASDAQ:BIRD) Q4 2024 Earnings Conference Call March 11, 2025 5:00 PM ET Company Participants Christine Greany - Investor Relations, The Blueshirt Group Joe Vernachio - Chief Executive Officer Annie Mitchell - Chief Financial Officer Conference Call Participants Janine Stichter - BTIG Alex Straton - Morgan Stanley Operator Good afternoon, ladies and gentlemen, and welcome to the Allbirds' Fourth Quarter and Full Year 2024 Conference Call. All participants have been placed in a listen-only mod ...

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].