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Allbirds, Inc. - BIRD STOCK NEWS

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.

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Allbirds, Inc. (NASDAQ: BIRD) achieved Q3 2023 guidance targets, reporting a net revenue decrease of 21.2% to $57.2 million and a net loss of $31.6 million. The company made significant progress under its Strategic Transformation Plan, reducing operating cash use and transitioning to a new operating model in Canada and South Korea. Allbirds also provided Q4 2023 financial guidance targets of net revenue between $66 million to $72 million and an adjusted EBITDA2 loss of $(26) million to $(23) million.
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Allbirds introduces the Wool Runner 2, an upgraded version of their original shoe with 15 new innovations. The new design features enhanced comfort, durability, and fit. The shoe is made with sustainable materials and is available in half sizes. It is priced at $110 USD and comes with a comfort guarantee.
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Allbirds to release Q3 financial results on November 8, 2023
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Allbirds finalizes agreements with distributor partners in Canada and South Korea, shifting to a third-party distributor model. The company aims to reduce costs and improve profitability in these markets. Both distributors will oversee distribution across retail, online, and wholesale channels.
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Allbirds reports Q2 2023 financial results; net revenue decreased 9.8% to $70.5 million; ending inventory decreased 24% to $92.8 million; generated positive operating cash flow of $0.8 million; provides Q3 2023 financial guidance with net revenue of $56 million to $61 million and adjusted EBITDA loss of $23 million to $20 million.
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Allbirds, Inc. (Nasdaq: BIRD) will release its second quarter financial results on August 8, 2023, after market close. The company will host a conference call at 2:00 p.m. Pacific Time to discuss the results. A live webcast of the conference call will be available on the Allbirds investor relations website.
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Allbirds has announced the launch of the Tree Flyer 2, their newest running shoe. The shoe features a flexible and breathable knit upper made with TENCEL™ Lyocell, overlays for increased stability and durability, and an updated lug pattern for improved traction. It also has a carbon footprint of 7.21 kg CO2e, which is significantly less than its predecessor and other standard sneakers. The Tree Flyer 2 is underpinned by Allbirds's high-performance SwiftFoam™ midsole, made with bio-PEBAX sourced from castor beans. The midsole provides a lightweight and springy feel with a 70% rebound rate. The shoe is designed to maximize the joy of movement while also being environmentally friendly.
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Allbirds, Inc.

Nasdaq:BIRD

BIRD Rankings

BIRD Stock Data

39.85M
5.32M
1.03%
38.71%
10.57%
Apparel Retail
Apparel & Other Finishd Prods of Fabrics & Similar Matl
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United States
SAN FRANCISCO