After Surviving Amazon's Galen, Why Allbirds Stock Is Still Overpriced [Forbes]
Allbirds, Inc. (BIRD)
Company Research
Source: Forbes
Since peaking at $26 a share in November 2021, San Francisco-based shoe and apparel retailer Allbirds has suffered a 97% drop in its stock price. Allbirds — which describes itself as a “global lifestyle brand that innovates with naturally derived materials to make footwear and apparel products in a better way, while treading lighter on the planet,” according to the Wall Street Journal — has definitely lightened the net worth of its investors. That wealth evaporation process surged forward earlier this month when Allbirds reported disappointing 2023 fourth quarter results. Allbirds' Q4 2023 revenue and full year revenue both fell about 14% to $72 million and $254 million, respectively, according to company's earnings report noted Retail Dive This year looks to be worse than 2023. Allbirds will close 10 to 15 under-performing stores in the U.S. and projects a 2024 revenue decline “as much as 25%,” Retail Dive reported. Some investors are betting the company's current 71 cents p
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BIRD
News
- Our favorite product releases this week: Allbirds, Aeropress, Parachute and more [CNN]CNN
- We're Hopeful That Allbirds (NASDAQ:BIRD) Will Use Its Cash Wisely [Yahoo! Finance]Yahoo! Finance
- After Cirque du Soleil's daring, high-wire comeback, its CEO is aiming for new heights [Fortune]Fortune
- Everlane jeans, leggings, and bathing suits are up to 60% off [USA TODAY]USA TODAY
- Allbirds Unveils Tree Runner Go [Yahoo! Finance]Yahoo! Finance
BIRD
Earnings
- 3/12/24 - Miss
BIRD
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- BIRD's page on the SEC website