Allbirds reports Q2 EPS (19c), consensus (22c)

Reports Q2 revenue $70.48M, consensus $66.81M. Reports ending inventory of $92.8M. “We are pleased to report another quarter of solid progress against our strategic transformation plan,” said Joey Zwillinger, co-founder and CEO. “Most notably, we gained traction across key benchmarks, including reducing inventory levels, lowering operating cash use and exercising cost control. Our teams are laser focused on the four key pillars under our plan, which has us on track to reignite growth, and improve capital efficiency with the goal of driving improved profitability.”