Allbirds, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:05 pm EDT
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Allbirds, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 70.48 million compared to USD 78.17 million a year ago. Net loss was USD 28.94 million compared to USD 29.37 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.2 a year ago.
For the six months, sales was USD 124.83 million compared to USD 140.94 million a year ago. Net loss was USD 64.1 million compared to USD 51.25 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to USD 0.35 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. 
