Allbirds Stock Closes Down On Weak 2025 Outlook Despite Narrower Losses In Q4
Benzinga (Tue, 11-Mar 5:03 PM)
Allbirds, Inc. (NASDAQ:BIRD) shares were volatile Tuesday following the release of the company’s fourth quarter and full-year 2024 financial results.
What To Know: The company reported fourth-quarter net revenue of $55.9 million beating estimates of $55.87 million. Gross margin declined by approximately 670 basis points to 31.3%, impacted by inventory adjustments, increased freight costs and a higher mix of international distributor business. The company posted a net loss of $25.7 million or $3.23 per share, beating analyst expectations of a $3.47 loss per share.
For the full year 2024, Allbirds reported net revenue of $189.8 million, down 25.3% from $254.1 million in 2023. The company recorded a net loss of $93.3 million or $11.87 per share. Gross margin ...
