NASDAQ$BIRD
Allbirds Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported a 15% increase in net revenue, driven by growth in the United States and the launch of the Tree Flyer performance running shoe.
Allbirds reported strong second quarter performance, achieving revenue expectations and exceeding adjusted EBITDA expectations. Net revenue increased by 15% to $78.2 million, with a 21% growth in the United States. The company launched the Tree Flyer running shoe and introduced SwiftFoamTM technology. Simplification Initiatives are expected to generate annualized SG&A expense savings of $13 million to $15 million beginning in 2023.
- Net revenue increased 15% to $78.2 million compared to Q2 2021.
- Net revenue in the United States grew 21% to $59.3 million compared to Q2 2021.
- Gross profit decreased to $28.2 million, with a gross margin of 36.1%.
- GAAP net loss was $29.4 million, or $0.20 per basic and diluted share.
Headline financials
Revenue & EPS history
Allbirds · Revenue · Quarterly
$78.2M
Forward guidance
Allbirds is providing the following financial guidance targets for the third quarter of 2022: Adjusted net revenue of $65 million to $70 million, representing growth in the range of 4% to 12% versus the third quarter of fiscal 2021 and Adjusted EBITDA loss of $17.5 million to $15.5 million, including an estimated $2 million of recurring public company costs.
Tailwinds
- Automating and expanding our supply chain
- Streamlining our operating structure
- Reinvesting some of these savings into building brand momentum through product innovation
- Marketing
- Retail stores, and marquee third party partnerships
Headwinds
- External headwinds pressuring consumer spending in the United States will persist in the back half of 2022
- Cautious outlook in our updated 2022 guidance targets
- Dynamic operating environment
- COVID-19 restrictions in China
- The crisis in Ukraine
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 Q2 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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