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), a lifestyle brand focused on sustainable footwear and apparel, has announced the release of its first-quarter financial results, scheduled for May 9, 2023. The results will be disclosed after market close, with a conference call set for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the details. Investors can access the live webcast on the Allbirds investor relations website, with a replay available for 12 months post-call.
Founded in 2016 in San Francisco, Allbirds aims to lead in sustainability by utilizing natural materials and carbon reduction strategies. The company currently operates in over 35 countries with more than 55 retail stores, emphasizing its commitment to creating comfortable and environmentally friendly products.
Allbirds has announced a significant milestone in its sustainability efforts, reporting a 19% reduction in its average product carbon footprint for 2022, bringing the figure down from 8.76 kg CO₂e to 7.12 kg CO₂e. This achievement positions the company over 60% towards its goal of reaching near zero carbon emissions by 2030. Key initiatives contributing to this reduction include increased use of regenerative wool, greater reliance on renewable materials, and a shift towards more responsible energy sources, such as boosting ocean shipping to 96%. Allbirds aims to inform consumers about the carbon cost of their purchases by adding this information to receipts, continuing its commitment to sustainability and transparency in the fashion industry.
Allbirds, Inc. (NASDAQ: BIRD) announced the appointment of Annie Mitchell as Chief Financial Officer, effective April 24, 2023. She succeeds Mike Bufano, who will assist in the transition until mid-May. Mitchell brings extensive finance experience from her recent position at Gymshark and a decade at adidas, where she served as CFO of North America. Co-CEO Joey Zwillinger expressed confidence in Mitchell’s strategic capabilities as Allbirds aims for growth and profitability. Bufano acknowledged the challenge of leaving after two impactful years, during which he contributed to the company’s public offering and finance team development.
Allbirds, Inc. (NASDAQ: BIRD) reported Q4 and full year 2022 financial results, revealing a net revenue increase of 7% to $297.8 million for the full year. However, Q4 2022 revenue decreased by 13% to $84.2 million. A net loss of $101.4 million was reported for the full year, with a Q4 net loss of $24.9 million. The company plans a strategic transformation to enhance profitability, focusing on brand reconnection and operational efficiency. Allbirds ended Q4 with $167.1 million in cash and expects Q1 2023 revenue between $45 million and $50 million, projecting a 20% to 28% decrease compared to Q1 2022.
Allbirds, Inc. (Nasdaq: BIRD) will release its fourth quarter and full year 2022 financial results on March 9, 2023, after market close. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day, with a live webcast available on the company's investor relations website. Additionally, Allbirds management will participate in the Bank of America Consumer & Retail Conference on March 14, 2023, in Miami, FL. The company, known for its eco-friendly footwear and apparel, operates 50+ stores across 36 countries and focuses on naturally derived materials to minimize environmental impact.
Allbirds, Inc. (Nasdaq: BIRD) has announced key promotions within its Executive Leadership Team. Kate Ridley has been elevated to Chief Brand and Product Officer, while Benny Joseph is now Chief Technology and Culture Officer. Ridley, with nearly 25 years of experience, aims to unify brand and product strategies. Co-CEO Tim Brown will lead the Innovation Futures team to enhance sustainability and external communication. These changes are part of a strategy to streamline operations and position Allbirds for profitable growth as the company moves forward post-IPO.
Allbirds, Inc. (NASDAQ: BIRD) reported strong Q3 2022 results, with net revenue rising 16% YoY to $72.7 million, exceeding projected targets. U.S. physical retail sales surged 53% compared to 2021, while the company opened six new stores. However, a GAAP net loss of $25.2 million was reported, with a decline in gross margin to 44.8%. Adjusted net loss was $22.4 million, with adjusted EBITDA loss of $12.7 million. Looking ahead, Allbirds maintains its full-year guidance, expecting adjusted net revenue of $305 million to $315 million, reflecting growth of 10% to 14%.
Allbirds, Inc. (Nasdaq: BIRD) is set to release its third quarter 2022 financial results on November 8, 2022, after market close. A conference call discussing the results will take place at 2:00 p.m. Pacific Time. Additionally, the management team will participate in the Morgan Stanley Global Consumer & Retail Conference on December 6 and 7, 2022. Allbirds is committed to sustainability, utilizing materials like New Zealand merino wool, eucalyptus fiber, and sugarcane-based EVA foam in its products.
Allbirds, Inc. (Nasdaq: BIRD) announced a 12% reduction in its average product carbon footprint between 2020 and 2021, marking its first Sustainability Report since outlining its Flight Plan. The company aims for a near-zero carbon footprint by 2030, with key initiatives including the use of regenerative wool and renewable energy. In 2021, Allbirds achieved 84% ocean shipping and reduced the carbon footprint of its Tree Dasher 2 shoe by 5%. The report outlines ongoing efforts and plans for further sustainable innovations.
