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 mode.
Delivers Fourth Quarter Results in Line with and Above Guidance Ranges Provides 2025 Guidance SAN FRANCISCO, March 11, 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 reported financial results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter and Full Year 2024 Overview Fourth quarter net revenue decreased 22.4% to $55.9 million versus a year ago, within the Company's guidance range.
Beyond analysts' top -and-bottom-line estimates for Allbirds, Inc. (BIRD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Available to buy for the first time, the style combines Allbirds' minimalist design principles with regenerative farming practices to achieve a landmark footprint Available to buy for the first time, the style combines Allbirds' minimalist design principles with regenerative farming practices to achieve a landmark footprint
What separates the most successful retailers from those that go bankrupt? Since retail bankruptcies have risen in 2024, investors and business leaders should be acutely focused on whether they have what it takes to survive.
Allbirds' Q3 results reflect strong gross margins, cost reductions and effective inventory control driven by efficient management of operations and finances.
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.
Allbirds, Inc. (BIRD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Recent headwinds include a 26.8% YoY revenue decline due to lower unit sales, driven by a shift toward full price selling and underperforming store closures. Their stagnant product lineup and heavy competition in the sustainable footwear market limit their ability to justify full price tags on their products. International sales fell 24%, impacted by the transition to a distributor model, which I believe risks diluting Allbirds' brand experience.
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.