Allbirds, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 08, 2024 at 04:05 pm EDT
Share
Allbirds, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 39.33 million compared to USD 54.35 million a year ago. Net loss was USD 27.33 million compared to USD 35.17 million a year ago.
Basic loss per share from continuing operations was USD 0.18 compared to USD 0.23 a year ago.
Allbirds, Inc. is a global lifestyle brand, which uses sustainable materials to make footwear and apparel products. The Company offers different products across its footwear and apparel categories, including lifestyle and performance products. The Companyâs products include men's shoes, women's shoes, men's apparel, women's apparel, and socks. It offers various categories of shoes, including everyday sneakers, active shoes, water-repellent shoes, slip-ons, hiking shoes and high tops. It provides various categories of menâs apparel, including socks, underwear, tees, sweatshirts and sweatpants, hats, insoles and lace kits. Its women's apparel includes socks, underwear, tees and sweats and pajamas. Its core franchises include lifestyle and performance shoes, such as the Dasher and the Runner. Its physical retail channel consists of approximately 60 Company-operated stores spread across seven countries, with the majority in the United States.
ALLBIRDS, INC. 
