Welcome to our dedicated page for Allbirds news (Ticker: BIRD), a resource for investors and traders seeking the latest updates and insights on Allbirds stock.
Allbirds, Inc. (BIRD) pioneers sustainable footwear and apparel through innovative materials like Merino wool and sugarcane-based foams. This dedicated news hub provides investors and industry observers with verified updates on corporate milestones, financial performance, and environmental initiatives.
Find official press releases detailing product launches, quarterly earnings disclosures, and strategic partnerships that drive the company's global expansion. Track developments in sustainable manufacturing practices and third-party distribution agreements shaping Allbirds' market presence.
Key content includes executive leadership updates, material innovation announcements, and progress reports on carbon footprint reduction goals. All information is sourced directly from company communications to ensure accuracy and timeliness.
Bookmark this page for streamlined access to Allbirds' latest developments. Check regularly to monitor how BIRD advances its mission of combining comfort, design, and ecological responsibility in the competitive apparel sector.
Allbirds (NASDAQ: BIRD) announced the completion of international distributor deals covering Benelux and Scandinavia, transitioning the Japan region to Goldwin Inc. These agreements expand Allbirds' global reach, adding to previous deals in Canada, South Korea, Japan, Australasia, Gulf Countries, and Southeast Asia. Authentic Brands will manage the Benelux region, while The Future will handle distribution in Scandinavia. The shift to a distributor model is part of Allbirds' strategic plan to enhance brand awareness and market presence across key international geographies, covering 11 countries. Effective June 1, Goldwin Inc. assumed the role of exclusive distributor in Japan, leveraging its regional expertise to boost brand recognition and omni-channel distribution.
Allbirds, Inc. (NASDAQ: BIRD) reported Q1 2024 financial results with a 27.6% decrease in net revenue, improved gross margin, and a net loss of $27.3 million. The company is focused on its strategic transformation plan, achieving cost efficiencies and expanding internationally. Allbirds ended the quarter with $102.1 million in cash and no outstanding borrowings. The company reiterates full-year 2024 guidance with net revenue of $190-210 million and an adjusted EBITDA2 loss of $78-63 million.
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