Allbirds (BIRD) Nosedives 6% Despite Q4 Revenue Beat and Raised Guidance

Allbirds, Inc. (NASDAQ: BIRD) shares fell more than 6% after-hours despite the company’s reported Q4 results, with EPS of ($0.09), in line with the consensus estimate, and revenue of $97.2 million, beating the consensus estimate of $91.76 million.

Q4 was the company’s highest sales quarter to date, representing 23% growth compared to Q4/20 and 43% growth compared to Q4/19.

The company raised its full 2022-year revenue guidance to $355-365 million, compared to the consensus estimate of $353 million.

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