Allbirds, citing logistics, currency effects, and lower international sales as significant year-over-year headwinds, is taking a more cautious view of FY22. The six-year-old company is forecasting annual sales of $335 to $345 million, 18% gross profit improvement to a range of $170.0 to $177.5 million and adjusted EBITDA loss between $21 and $25 million. The combination of logistics/distribution, outbound shipping costs and currency are forecast to have a 450-500 basis-impact on gross margin rate over two years.

In the first quarter, BIRD’s net loss expanded to $21,878,000 from a loss of $13,522,000 prior, as revenues rose 26% to $62,763,000 from $49,637,000. ... Log in to view full article.