NASDAQ$BIRD
Allbirds Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Exceeded Q2 2023 guidance targets and delivered continued progress under the company’s strategic transformation plan.
Allbirds reported a 9.8% decrease in net revenue to $70.5 million compared to the previous year, but showed a 3.8% increase compared to Q2 2021. The company experienced a net loss of $28.9 million, or $.19 per share. However, it significantly reduced operating cash use and generated positive operating cash flow of $0.8 million. Gross margin increased to 42.8% compared to 36.1% in the second quarter of 2022.
- Net revenue decreased 9.8% to $70.5 million versus a year ago and increased 3.8% compared to Q2 2021
- Gross profit totaled $30.1 million compared to $28.2 million in the second quarter of 2022, and gross margin increased to 42.8% compared to 36.1% in the second quarter of 2022.
- Ending inventory decreased 24% versus a year ago and represented the lowest level since Q2 2021
- Generated positive operating cash flow of $0.8 million compared to negative operating cash flow of $24.1 million a year ago.
Headline financials
Revenue & EPS history
Allbirds · Revenue · Quarterly
$70.5M
Forward guidance
Allbirds is providing financial guidance for the third quarter of 2023, reflecting ongoing work under the Company’s strategic transformation plan.
Tailwinds
- Net revenue of $56 million to $61 million
Headwinds
- Net revenue decrease of 23% to 16% versus the third quarter of fiscal 2022.
- Adjusted EBITDA loss of $23 million to $20 million.
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 2023
-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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