- Allbirds press release (NASDAQ:BIRD): Q2 GAAP EPS of -$0.12 beats by $0.05.
- Revenue of $51.6M (-26.8% Y/Y) beats by $1.08M.
- Shares +7.79% AH.
-
The Company is reiterating its full year 2024 revenue guidance as follows:
- Net revenue of $190 million to $210 million, vs. $197.02M consensus
- US net revenue of $150 million to $165 million, including a $10 million to $12 million impact resulting from anticipated store closures
- International net revenue of $40 million to $45 million, including $15 million to $18 million of impact resulting from transitions to a distributor model in certain international markets
The Company is increasing its full year 2024 gross margin guidance and tightening its full year 2024 Adjusted EBITDA guidance range as follows:
- Gross margin of 43% to 46% compared to prior guidance of 42% to 45%
- Adjusted EBITDA2 loss of $75 million to $63 million compared to prior guidance for a loss of $78 million to $63 million
The Company is providing the following guidance for the third quarter of 2024:
- Net revenue of $40 million to $43 million, vs. $43.51M consensus
- US net revenue of $33 million to $35 million
- International net revenue of $7 million to $8 million
- Adjusted EBITDA2 loss of $19 million to $16 million
- Net revenue of $190 million to $210 million, vs. $197.02M consensus
Source link
This article was complied by AI and NOT reviewed by human. More information can be found in our Terms and Conditions.
