Financial Data and Key Metrics Changes - Net revenue for Q4 2024 totaled 56million,aligningwithguidance[32]−Grossmarginwasreportedat31.324 million, down 24% year-over-year, reflecting lower occupancy and personnel costs [35] - Adjusted EBITDA for Q4 was a loss of 19million,approximatelyflatcomparedtothepreviousyear[38]BusinessLineDataandKeyMetricsChanges−ThecompanyreduceditsUSstorefootprint,closing15locationsin2024,withanadditionalfiveclosurespost−quarter[10][36]−MarketingexpensesinQ4totaled12 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 22million[32]−For2025,netrevenueisexpectedtobebetween175 million and 195million,withaprojectedgrowthofapproximately1067 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(BIRD)2025-03-11 22:36