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Article Date: November 2023
Word Count: 288

Allbirds Posts another Big Loss in Q3

The red ink deepened to $31,575,000 in the third quarter from a loss of $25,241,000 last year, on 21% lower revenues of $57,244,000 down from $72,651,000, as the sustainable footwear brand works to turn around its fortunes. Both units sold and ASPs were lower, driven by aggressive moves to clear excess inventory. U.S. sales dipped 22% to $43.7 million, while international fared slightly better, dropping 18% to $13.6 million. BIRD ended the quarter with 45 U.S. doors and 15 elsewhere, after two stores in Canada and one store in South Korea ... Log in to view full article.


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