NASDAQ$BIRD
Allbirds Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported strong first quarter performance with a 26% increase in net revenue, driven by growth in the U.S. market, but impacted by international headwinds.
Allbirds reported a 26% increase in net revenue to $62.8 million for Q1 2022, driven by strong growth in the U.S. market. The company's gross profit increased by 26% to $32.6 million, with a gross margin of 51.9%. However, the company experienced a GAAP net loss of $21.9 million and an adjusted EBITDA loss of $12.2 million, impacted by international headwinds and increased operating expenses.
- Net revenue increased 26% to $62.8 million compared to Q1 2021.
- Gross profit increased 26% to $32.6 million compared to Q1 2021, with a gross margin of 51.9%.
- GAAP net loss was $21.9 million, or $0.15 per share.
- U.S. net revenue increased 35% to $48.9 million compared to Q1 2021.
Headline financials
Revenue & EPS history
Allbirds · Revenue · Quarterly
$62.8M
Forward guidance
Allbirds expects net revenue of $75 million to $79 million for the second quarter of 2022, representing growth of 10% to 16% versus Q2 2021. The company anticipates external headwinds will continue to impact the international business, and updated 2022 guidance targets reflect a more cautious outlook.
Tailwinds
- Underlying strength of the business model.
- Strong execution by the teams.
- Confidence in achieving medium-term financial targets.
- Expected net revenue growth of 20% to 30%.
- Gross margin of 60%+
Headwinds
- External headwinds impacting international business.
- More cautious outlook in updated 2022 guidance targets.
- Adjusted EBITDA of negative $14 million to negative $11 million for Q2 2022.
- Includes an estimated $2 million of public company costs.
- Russia’s invasion of Ukraine and COVID-19-related restrictions in China
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
-8.6%
Avg return
Earnings day
-8.6%
Avg return
5 days after
-1.1%
Avg return
30 days after
25%
6 / 24 earnings
Positive
+24.4%
Q4 2019
Best reaction
-51.2%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.8% | -13.7% | -21.5% | |
| Q4 2025 | +3.6% | +10.9% | +252.1% | |
| Q3 2025 | -7.2% | -28.2% | -39.7% | |
| Q2 2025 | -29.4% | -27.9% | -36.2% | |
| Q1 2025 | -2.4% | +23.8% | +58.0% | |
| Q4 2024 | -13.1% | -13.5% | -27.6% | |
| Q3 2024 | -23.2% | -29.7% | -30.9% | |
| Q2 2024 | +8.2% | +6.5% | -7.8% | |
| Q1 2024 | -10.4% | +2.9% | -19.4% | |
| Q4 2023 | -9.6% | -12.0% | -24.5% | |
| Q3 2023 | -23.9% | -29.3% | +11.9% | |
| Q2 2023 | +23.9% | +18.7% | -6.0% | |
| Q1 2023 | -6.4% | -4.9% | +2.6% | |
| Q4 2022 | -51.2% | -56.4% | -55.1% | |
| Q3 2022 | -17.2% | -6.6% | -5.6% | |
| Q2 2021 | -17.5% | -7.2% | -28.7% | |
| Q2 2022 | -13.1% | -0.2% | -23.0% | |
| Q1 2021 | -7.5% | +0.2% | +8.8% | |
| Q1 2022 | -19.1% | -13.8% | +4.7% | |
| Q4 2019 | +24.4% | +16.5% | +0.4% | |
| Q4 2021 | +0.0% | -8.1% | -29.6% | |
| Q3 2020 | +1.4% | -5.2% | +3.5% | |
| Q4 2020 | +1.4% | -5.2% | +3.5% | |
| Q3 2021 | -14.7% | -24.6% | -15.2% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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