NASDAQ$BIRD
Allbirds Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Allbirds reported strong Q3 2021 performance with revenue growth and gross margin expansion.
Allbirds' Q3 2021 net revenue increased by 33% year-over-year to $62.7 million. Gross profit rose by 36% to $33.9 million, with a gross margin of 54.1%. The company's GAAP net loss was $13.8 million, and the adjusted EBITDA loss was $6.3 million. Allbirds opened four new stores during the quarter, bringing the total to 31 locations.
- Net revenue increased 33% year-over-year to $62.7 million.
- Gross profit increased 36% year-over-year to $33.9 million, with gross margin expanding to 54.1%.
- GAAP net loss was $13.8 million, or $0.25 per share.
- Opened four stores, ending the quarter with 31 locations.
Headline financials
Revenue & EPS history
Allbirds · Revenue · Quarterly
$62.7M
Forward guidance
Allbirds provided its outlook for fiscal year 2021, projecting net revenue between $270 million and $272 million, representing growth of 23% to 24% versus fiscal 2020 and Adjusted EBITDA of negative $17 million to $15 million, including an estimated $5 million of public company costs.
Tailwinds
- Net revenue of $270 million to $272 million
- Revenue growth of 23% to 24% versus fiscal 2020
- Revenue growth of 39% to 40% versus fiscal 2019
- Gross margin expansion
- Improved marketing efficiency
Headwinds
- Adjusted EBITDA of negative $17 million to $15 million
- Includes an estimated $5 million of public company costs
- Dynamic macro environment
- Longer ocean shipping lead times
- Building inventories in response to strong consumer demand ahead of the holiday selling season
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-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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