Allbirds, Inc. (BIRD) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.64%. A quarter ago, it was expected that this company would post a loss of $0.21 per share when it actually produced a loss of $0.21, delivering no surprise.Over the last four quarters, the company has surpassed consens ...

Not long after touting its brick-and-mortar expansion, footwear brand Allbirds is becoming the latest merchant to shutter stores — a move that comes as consumers’ budgeting behavior amid financial challenges takes a hit on retailers.The brand, which began in direct-to-consumer (D2C) and expanded into wholesale, reported in its fourth quarter and full year 2023 financial results Tuesday (March 12) that, in the three-month period, the company the company experienced a 14.5% drop in net revenue year over year. ...

Allbirds COO Joe Vernachio Appointed CEO as Company Accelerates Strategic Transformation Plan Company Provides 2024 Outlook SAN FRANCISCO, March 12, 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 fourth quarter ended December 31, 2023. Separately, the Company also announced today that COO Joe Vernachio has been appointed as CE ...

SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better footwear and apparel products in a better way, today announced the appointment of Chief Operating Officer Joe Vernachio as Chief Executive Officer and a member of the Board of Directors, effective March 15, 2024. He succeeds Joey Zwillinger, Allbirds's co-founder and CEO, who will continue as a member of the Board of Directors and serve as a specia ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K ___________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-40963 ___________________________________ A ...

ALLBIRDS REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS; ACHIEVES Q4 FINANCIAL GUIDANCE TARGETS Company Provides 2024 Outlook Separately, the Company also announced today that COO Joe Vernachio has been appointed as CEO, effective March 15, 2024. He will oversee all operations and continue advancing Allbirds' strategic transformation plan. Co-Founder & CEO Joey Zwillinger will remain on the Board of Directors and serve as a special advisor to Allbirds. • Fourth quarter net revenue decreased 14. ...

Analysts on Wall Street project that Allbirds, Inc. (BIRD) will announce quarterly loss of $0.22 per share in its forthcoming report, representing a decline of 46.7% year over year. Revenues are projected to reach $68.88 million, declining 18.2% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings d ...

SAN FRANCISCO, March 05, 2024 (GLOBE NEWSWIRE) -- Allbirds Inc., a global lifestyle brand that innovates with sustainable materials to make better footwear and apparel products in a better way, announced the completion of its previously announced agreements with distributor partners in Australasia and Japan. With the completion of these agreements, Allbirds has transitioned four international regions from direct selling to a distributor model. The shift from a direct go-to-market model to a third-party dist ...

The direct-to-consumer boom is coming to an end.A once-bustling group of companies, backed by billions in venture capital funding, saw a record year for IPOs in 2021. Now, three years later, most of those direct-to-consumer, or DTC, companies still struggle with profitability."It's that profitability angle now that demarcates the winners in DTC from the losers," said GlobalData Retail's managing director, Neil Saunders. "One of the problems with a lot of direct-to-consumer companies is they're not profitabl ...

It’s almost impossible to walk around a gym or sporting goods store in 2024 and not see someone wearing Allbirds (NASDAQ:BIRD) footwear. These athletic shoes may not look like the Nike (NYSE:NKE) or Adidas (OTCMKTS:ADDYY) sneakers that athletes have styled for decades. But when the company launched in New Zealand in 2014, it didn’t take long for it to make an undeniable splash. By bringing sustainability to the booming athletic footwear market, the startup reached a $1.7 billion valuation by 2020. Since the ...