Allbirds Reports First Quarter 2024 Financial Results
Allbirds, Inc. (BIRD)
Company Research
Source: GlobeNewswire
Achieves Q1 2024 Financial Guidance Continues to Advance its Strategic Transformation Plan Reiterates Full Year 2024 Outlook; Provides Q2 2024 Guidance SAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ: BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Overview First quarter net revenue decreased 27.6% to $39.3 million versus a year ago, within the Company’s guidance range.First quarter gross margin improved 680 basis points to 46.9% versus a year ago.First quarter net loss of $27.3 million, or $0.18 per basic and diluted share.First quarter adjusted EBITDA1 loss of of $20.9 million, above the Company’s guidance range.Inventory at quarter end of $60.6 million, representing a decrease of 45% versus a year ago.As of March 31, 2024, the Company had $102.1 million of cash and
Show less
Read more
Impact Snapshot
Event Time:
BIRD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BIRD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BIRD alerts
High impacting Allbirds, Inc. news events
Weekly update
A roundup of the hottest topics
BIRD
News
- Kizik Opens At Mall Of America With Plans For Nationwide Expansion [Forbes]Forbes
- I'm finally getting a pair of Wool Runners from Allbirds' incredible sale [Business Insider]Business Insider
- SurveyMonkey Expands Market Research Solutions Across All Plans [Yahoo! Finance]Yahoo! Finance
- Allbirds, Inc. (NASDAQ:BIRD) Just Reported, And Analysts Assigned A US$0.85 Price Target [Yahoo! Finance]Yahoo! Finance
- Yes, one week of outfits can fit in a carry on. Here's how to pack this summer [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BIRD
Earnings
- 5/8/24 - Beat
BIRD
Sec Filings
- 5/10/24 - Form SC
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- BIRD's page on the SEC website