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. (NASDAQ: BIRD) is a global modern lifestyle footwear brand that frequently issues news on product launches, financial results and corporate developments. Company press releases highlight new footwear styles built around comfort, style and sustainable materials, as well as quarterly earnings updates and board-level changes.
Readers following BIRD news can expect detailed announcements on modern lifestyle footwear franchises such as the Wool Runner NZ, Tree Runner NZ, Wool Cruiser, waterproof wool sneakers and Remix styles. These updates often describe how Allbirds incorporates Merino wool, tree-based fibers, sugarcane-based SweetFoam® midsoles, recycled materials and reclaimed foam into its designs. The company also releases news about collaborations with partners involved in color curation and material recycling.
In addition to product-focused stories, Allbirds regularly reports its quarterly financial results, including net revenue trends, gross margin, net loss and adjusted EBITDA. These earnings releases may also discuss channel mix, international distributor transitions, retail store closures and financing arrangements, offering investors insight into the company’s operating model and capital structure.
Corporate governance and board composition are another recurring theme in Allbirds’ news flow, with announcements covering director appointments and related committee roles. For investors, customers and observers, the BIRD news page provides a single stream of updates on the company’s footwear innovations, sustainability initiatives, financial performance and governance decisions. Users interested in Allbirds stock and brand developments can review these items to understand how the company communicates its strategy and product evolution over time.
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.
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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