Q3 Earnings: Allbirds Posts Sales Growth of 33%, Wider Losses + More

FN keeps track of all of our earnings coverage for retailers and footwear companies here. November 30: Allbirds (BIRD) Earnings: Gross profit increased 36% to $33.9 million compared Q3 of 2020. GAAP net loss was $13.8 million, or $0.25 per basic and diluted share. Sales: Net revenue rose 33% to $62.7 million compared to Q3 of 2020 and grew 40% compared to Q3 2019. CEO Comments: “We are pleased to deliver strong third quarter performance, which reflects solid execution by our teams and robust global demand for the Allbirds brand,” said Joey Zwillinger, Allbirds co-founder and Co-CEO. “Revenue was strong across channels and geographies, growing 33% year over year, with notable strength in U.S. physical retail. Importantly, we saw strong consumer response in the quarter to our new product innovation, including our new Perform Apparel line.” Outlook: Allbirds expects net revenue of between $270 million and $272 million, or growth between 23% and 24% compared to 2020. (L to R): Town and Country's Adam Rathe interviews "Jagged Little Pill's" Sean Allan Krill, Derek Klena, Elizabeth Stanley and Kathryn Gallagher at Nordstrom. CREDIT: Aaron Royce (L to R): Town and Country’s Adam Rathe interviews “Jagged Little Pill’s” Sean Allan Krill, Derek Klena, Elizabeth Stanley and Kathryn Gallagher at Nordstrom.November 23:

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