Allbirds, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 02:48 am IST
Share
Allbirds, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 57.24 million compared to USD 72.65 million a year ago. Net loss was USD 31.58 million compared to USD 25.24 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.17 a year ago.
For the nine months, sales was USD 182.08 million compared to USD 213.59 million a year ago. Net loss was USD 95.68 million compared to USD 76.49 million a year ago. Basic loss per share from continuing operations was USD 0.63 compared to USD 0.52 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. 
