Allbirds reported another quarterly loss and lower revenues but said the results were within guidance range as it made further operational and financial progress. The group shrunk its Q2 net loss by 34% to $19,133,000 from a loss of $28,937,000 prior, on a 27% drop in revenues to $51,582,000 from $70,480,000 to lower unit sales that were partially offset by higher average selling prices within its direct business, 14 planned U.S. retail closures, and higher wholesale prices. Gross margin increased by 770 basis points to 50.5% on lower freight and duty ... Log in to view full article.