Allbirds, Inc. Provides Earnings Guidance for the Second Quarter of 2024 and Reiterates Full Year 2024 Guidance
May 09, 2024 at 01:35 am IST
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Allbirds, Inc. provided earnings guidance for the second quarter of 2024 and reiterating full year 2024 guidance. The company is providing the following guidance for the second quarter of 2024: Net revenue of $48 million to $53 million. U.S. net revenue of $35 million to $37 million.
International net revenue of $13 million to $16 million.
The Company is reiterating its full year 2024 guidance as follows: Net revenue of $190 million to $210 million. U.S. net revenue of $150 million to $165 million, including a $7 million to $9 million impact resulting from anticipated store closures. International net revenue of $40 million to $45 million, including $25 million to $28 million of impact resulting from anticipated transitions to a distributor model in certain international markets.
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. 
