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Article Date: March 2024
Word Count: 384

Allbirds Guides for More Losses on Falling Sales

Net loss more than doubled to $56,779,000 from $24,866,000 on a 15% sales decline to $71,990,000 from $84,178,000 in the fourth quarter as the transformation plan announced a year ago hit both ends of the P&L. U.S. sales were down 15% to $55.8 million, while International dropped 13% to $16.2 million. Sales were down on lower ASP due to higher promotional activity to clear non-core colors and styles, and that effort saw inventory end the year at $58 million, down 51%. The bottom line suffered from $27.4 million in impairment charges ... Log in to view full article.


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