Allbirds, Inc. (BIRD) Tops Q1 EPS by 3c, provides guidance

Allbirds, Inc. (NASDAQ: BIRD) reported Q1 EPS of ($0.18), $0.03 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $39.3 million versus the consensus estimate of $39.91 million.

GUIDANCE:

Allbirds, Inc. sees FY2024 revenue of $190-210 million, versus the consensus of $198.1 million.
Gross margin of 42% to 45%
Adjusted EBITDA2 loss of $78 million to $63 million.

Allbirds is providing the following guidance for the second quarter of 2024:

Net revenue of $48 million to $53 million, versus the consensus of $51.575 million.

U.S. net revenue of $35 million to $37 million
International net revenue of $13 million to $16 million

Adjusted EBITDA2 loss of $20 million to $17 million.

For earnings history and earnings-related data on Allbirds, Inc. (BIRD) click here.

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