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Allbirds (BIRD)
NASDAQ:BIRD
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$3.44Last Year’s EPS
-$7.4Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -35.82%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with significant highlights such as product launches receiving positive feedback, expansion of international distribution, and improved gross margins. However, these are offset by challenges including revenue decline, store closures, and projected losses in adjusted EBITDA. The company is focused on long-term growth through strategic initiatives and sustainability efforts.Company Guidance
During the Allbirds Third Quarter 2024 earnings call, the company provided several key metrics and insights into their financial outlook and strategic initiatives. They reported a net revenue of $43 million for Q3, with a gross margin expansion of 90 basis points to 44.4%, driven by lower freight and duty costs and healthier inventory positions. The guidance for full-year net revenue was revised to $187 million to $193 million, with a gross margin expected to be in the range of 43% to 46%. The company also highlighted a significant reduction in SG&A expenses, down 24% year-over-year, and a narrowed adjusted EBITDA loss range of $75 million to $71 million. Additionally, Allbirds completed 15 U.S. store closures in 2024 and transitioned five international regions to a distributor model, impacting year-over-year revenue by $23 million to $28 million. Looking forward, they anticipate lower promotional activity, with strategic marketing efforts planned to boost brand awareness and position the company for growth in the latter half of 2025.Strong Execution and Product Launches
Introduced two new products, Tree Glider and Lounger Lift, which received positive consumer response and media coverage. The Lounger Lift was featured on the Today Show's trend report.
Expansion of International Distributor Model
Secured two new distributor agreements covering 12 countries in Latin America and Europe, expected to start in mid-2025.
Gross Margin Improvement
Gross margin expanded by 90 basis points year-over-year to 44.4% due to lower freight and duty costs and healthier inventory positions.
Inventory and Cash Flow Management
Inventory reduced by 28% year-over-year, leading to better cash flow management with operating cash used at $11 million, improved from $16 million in Q2.
Continued Focus on Sustainability
Achieved a 22% reduction in per-unit carbon footprint. The M0.0NSHOT Zero shoe, set to launch next year, was recognized by Time Magazine as one of the best inventions of 2024.
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BIRD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BIRD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $11.14 | $8.72 | -21.72% |
| Aug 07, 2024 | $12.24 | $12.60 | +2.94% |
| May 08, 2024 | $12.40 | $11.93 | -3.79% |
| Mar 12, 2024 | $18.60 | $15.00 | -19.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allbirds (BIRD) report earnings?
Allbirds (BIRD) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Allbirds (BIRD) earnings time?
Allbirds (BIRD) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BIRD EPS forecast?
BIRD EPS forecast for the fiscal quarter 2024 (Q4) is -$3.44.
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