Allbirds, Inc. Stock Price, News & Analysis

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.

Allbirds has launched the Tree Glider, a versatile, lightweight sneaker designed for active lifestyles. Priced at $135 USD, it features a one-piece knit upper made from TENCEL™ Lyocell fibers and recycled polyester, offering a sock-like feel and excellent breathability. The shoe's SuperLight midsole, Allbirds's lightest and lowest carbon foam, is approximately 70% bio-based.

Weighing just 7.6oz (W8), the Tree Glider has a remarkably low carbon footprint of 4.19 kg CO2e, less than one-third of a standard sneaker. Available in four colorways and various sizes, it can be purchased online and in stores from August 13, 2024. The design aims to blend aesthetic and athletic features, catering to Allbirds customers who, according to a 2023 survey, engage in active pursuits 4-5 days per week.

Allbirds (NASDAQ: BIRD) reported Q2 2024 financial results, showing a 26.8% decrease in net revenue to $51.6 million, within guidance. Gross margin improved 770 basis points to 50.5%. The company posted a net loss of $19.1 million, or $0.12 per share. Adjusted EBITDA loss was $13.7 million, above guidance. Inventory decreased 42% year-over-year to $53.7 million. Allbirds entered new distributor agreements for Benelux and Scandinavia, completed transitions in Japan and Australasia, and announced agreements for China. The company is focusing on product innovation, storytelling, and customer experience to drive growth in 2025. For full-year 2024, Allbirds reiterated revenue guidance of $190-$210 million and increased gross margin guidance to 43-46%.

Allbirds Inc. (BIRD), a global lifestyle brand known for its innovative, naturally derived footwear, has announced an exclusive distribution agreement with Belle Fashion Group for mainland China, Macau, and Taiwan. This strategic move, effective June 28th, marks a shift from Allbirds' direct go-to-market model to a third-party distributor approach in international markets. Belle Fashion Group, an industry giant with thousands of stores and a strong online presence, will oversee the distribution of Allbirds products across retail, online, and wholesale channels. The partnership aims to leverage Belle's local expertise to drive long-term, scalable growth in the region where Allbirds has been popular since its 2019 launch. This collaboration is expected to significantly enhance Allbirds' brand presence and reach in the Chinese market.

Allbirds (NASDAQ: BIRD), a global lifestyle brand focused on sustainable innovation, has announced its second quarter 2024 earnings conference call. The company will release its financial results on Wednesday, August 7, 2024, after market close. A conference call to discuss the results is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

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

Allbirds, Inc. (NASDAQ: BIRD) has appointed Jason Israel as VP of Design, effective June 1. Israel reports to Chief Design Officer Adrian Nyman, joining a strengthened product team that includes new Color & Materials leader Ailsa Cordon-Michell. CEO Joe Vernachio emphasized the importance of this appointment for Allbirds' return to growth strategy, focusing on product and storytelling.

Israel brings nearly two decades of design experience to Allbirds, having previously served as Global Creative Director at Salomon, Head of Global Design at Specialized Bicycle Components, and Global Creative Director of Performance at The North Face. This strategic hire aims to enhance Allbirds' design culture and support the company's new product strategy built upon core product franchises.