NASDAQ$BIRD
Allbirds Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Allbirds' Q1 2024 financial performance was reported, showing a decrease in net revenue but an improvement in gross margin and a reduced net loss compared to the previous year, as the company progresses with its strategic transformation plan.
Allbirds reported a decrease in net revenue to $39.3 million, but gross margin improved to 46.9%. The company's net loss decreased to $27.3 million. They are reiterating full year 2024 guidance.
- Net revenue decreased by 27.6% to $39.3 million compared to the previous year.
- Gross margin improved by 680 basis points to 46.9% year-over-year.
- Net loss was $27.3 million, an improvement compared to $35.2 million in the first quarter of 2023.
- The company closed three U.S. retail stores and remains on track with its previously communicated plan to close 10-15 U.S. locations in 2024.
Headline financials
Revenue & EPS history
Allbirds · Revenue · Quarterly
$39.3M
Forward guidance
The Company is reiterating its full year 2024 guidance and providing guidance for the second quarter of 2024.
Tailwinds
- Net revenue of $190 million to $210 million
- U.S. net revenue of $150 million to $165 million
- International net revenue of $40 million to $45 million
- Gross margin of 42% to 45%
- Adjusted EBITDA loss of $78 million to $63 million.
Headwinds
- 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
- Adjusted EBITDA loss of $20 million to $17 million.
- U.S. net revenue includes a $7 million to $9 million impact resulting from anticipated store closures
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 2024
-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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