Allbirds, Inc. Stock Price, News & Analysis

Allbirds (BIRD) has launched 'Cards On The Table,' a four-part content series in collaboration with Stanley Tucci. The series, airing weekly throughout March on Rolling Stone's YouTube channel, features celebrity guests engaging in unscripted conversations guided by discussion cards curated by clinical psychologist Dr. Orna Guralnik.

The series showcases notable guests including Sophie Turner, Carlos Sainz Jr., and Tan France among others, exploring human connections through personal stories. Each 20-minute episode brings together diverse personalities from various industries, from Spice Girls to Michelin-starred chefs and renowned physicists.

Developed alongside OBB Pictures and Salt Productions, the content aligns with Allbirds' 'Live Curiously' brand value and will be distributed across the company's digital platforms.

Allbirds (NASDAQ: BIRD), a global lifestyle brand focused on sustainable materials and innovative product development, has scheduled its fourth quarter and full year 2024 financial results announcement for Tuesday, March 11, 2025, after market close. The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investors can access the live webcast through the company's investor relations website, where a replay will remain available for 12 months.

Allbirds is launching the M0.0NSHOT Zero, the world's first net zero carbon shoe, available from February 6, 2025. The edition of 500 pairs will be sold exclusively in select stores across New York, London, Dubai, Tokyo, and Seoul for $200 USD.

The innovative footwear combines minimalist design with regenerative farming practices, featuring carbon-negative materials, particularly regenerative wool sourced from New Zealand's Lake Hawea Station. The farm's sustainable practices include native plantings and protecting regenerating forests, resulting in more carbon sequestration than emissions.

The project, which began in 2022, represents a significant achievement compared to the industry average sneaker's carbon footprint of 14 kg CO₂e. Allbirds has also published an open-source toolkit detailing the innovations behind this milestone, including bio-based midsole foam and methane-capture bioplastic.

Allbirds (NASDAQ: BIRD) has announced its participation in the upcoming Morgan Stanley Global Consumer & Retail Conference in New York City on December 4, 2024. The sustainable lifestyle brand will be represented by CEO Joe Vernachio and CFO Annie Mitchell at this significant investor event. Allbirds, known for its innovative approach to sustainable materials and better product manufacturing, will engage with investors and industry professionals at this prestigious conference.

Allbirds (NASDAQ: BIRD) reported Q3 2024 financial results with net revenue decreasing 24.9% to $43.0 million. Gross margin improved by 90 basis points to 44.4%. The company posted a net loss of $21.2 million, or $2.68 per share, with adjusted EBITDA loss of $16.2 million. Inventory decreased 28.1% to $57.5 million. The company maintains $78.6 million in cash with no outstanding borrowings. Allbirds completed its transition to distributor models in China and Europe, and updated its full-year 2024 revenue guidance to $187-193 million, down from previous $190-210 million guidance.

Allbirds Inc. has announced new distribution agreements effective July 1st, 2025, expanding its international presence. CHRIS sports will become the exclusive distributor across six European countries including Austria, France, Germany, Italy, Liechtenstein, and Switzerland. Additionally, Uruguay-based Wystam will distribute Allbirds products in six Latin American countries including Argentina, Bolivia, Ecuador, Paraguay, Peru, and Uruguay. These partnerships bring the company's total global distribution agreements to 11, following successful transitions in five key geographies and the addition of four new regions.

Allbirds (NASDAQ: BIRD), a global lifestyle brand focused on sustainable innovation, has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results after market close on Wednesday, November 6, 2024. Following the release, Allbirds will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.

Investors and interested parties can access a live webcast of the conference call on the Allbirds investor relations website. For those unable to attend the live event, a replay will be made available online and archived for 12 months on the same investor relations platform.

Allbirds (NASDAQ: BIRD) has announced a 1-for-20 reverse stock split of its Class A and Class B Common Stock, effective September 4, 2024. This move aims to bring the company into compliance with Nasdaq's minimum bid price requirement. Trading on a post-split basis will begin on September 5, 2024, under the same symbol (BIRD) but with a new CUSIP number. The split will automatically combine every 20 shares into 1 share, with cash payments issued for fractional shares. Stockholders' ownership percentages will remain unchanged, except for minor adjustments due to fractional share treatment. All outstanding equity awards will be proportionately adjusted. Computershare Inc. is acting as the exchange agent for this process.

Allbirds, Inc. (NASDAQ: BIRD) has announced the appointment of Ravi Thanawala, Chief Financial Officer of Papa John's International, to its Board of Directors, effective September 10, 2024. Thanawala brings extensive experience in retail, footwear, apparel, and restaurant industries. He previously held key positions at Nike, Inc. and ANN INC. This appointment comes as Mandy Fields, who joined the board in October 2020, is stepping down.

CEO Joe Vernachio expressed enthusiasm about Thanawala's addition, citing his seasoned consumer executive background. Thanawala, in turn, expressed excitement about joining Allbirds at this pivotal time. The company, known for its sustainable materials and innovative products, aims to leverage Thanawala's expertise to enhance operations, finance, and build long-term shareholder value.