NASDAQ$BIRD
Allbirds Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported record-breaking revenue with strong growth in retail and digital channels.
Allbirds reported a strong finish to 2021 with Q4 revenue reaching a record $97.2 million, a 23% increase year-over-year and a 43% increase compared to 2019. The company's financial performance exceeded guidance targets, driven by strong global demand and successful execution during macro challenges. Full year 2021 net revenue rose 27% to $277.5 million compared to 2020.
- Fourth quarter net revenue increased 23% to $97.2 million compared to the fourth quarter of 2020.
- Full year 2021 net revenue rose 27% to $277.5 million compared to 2020.
- Full year 2021 gross profit increased 30% to $146.7 million compared to 2020.
- Fourth quarter 2021 GAAP net loss of $10.4 million, or $0.09 per basic and diluted share.
Headline financials
Revenue & EPS history
Allbirds · Revenue · Quarterly
$97.2M
Forward guidance
Allbirds provided the following guidance targets for full year 2022: Net revenue of $355 million to $365 million, representing growth in the range of 28% to 32% versus fiscal 2021 and 62% to 66% versus fiscal 2020.
Tailwinds
- Net revenue of $355 million to $365 million, representing growth in the range of 28% to 32% versus fiscal 2021 and 62% to 66% versus fiscal 2020.
- Gross profit of $187.5 million to $195 million, which at the midpoint of our net revenue and gross profit targets represents a gross margin percent of 53.1%, a 27 bps increase versus fiscal 2021.
- Carbon footprint reduction target of 6% for our top 10 products, aligned with our Allbirds Flight Plan to reduce by 25% by the end of 2025 and 95% by 2030.
- Net revenue of $60 million to $62 million, representing growth in the range of 21% to 25% versus the first quarter of fiscal 2021 and 42% to 47% versus the first quarter of fiscal 2020.
Headwinds
- Adjusted EBITDA of negative $13 million to negative $9 million, including an estimated $8 million of public company costs.
- Adjusted EBITDA of negative $13 million to negative $11 million, including an estimated $2 million of public company costs.
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 Q4 2021
-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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