Allbirds, Inc. manufactures and sells footwear and apparel products for men and women. It offers shoes, such as running shoes, everyday sneakers, high-tops, slip-ons, boat shoes, flats, weather repellent shoes, and sandals. The company's apparel products include activewear, tops, bottoms, dresses, sweaters, underwear, and socks. It sells its products through its retail stores in the United States and internationally, as well as online. Allbirds, Inc. was formerly known as Bozz, Inc. The company was incorporated in 2015 and is based in San Francisco, California.
IPO Year: 2021
Exchange: NASDAQ
Website: allbirds.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/1/2023 | $1.50 | Market Perform → Outperform | Telsey Advisory Group |
| 3/13/2023 | $4.00 → $1.50 | Outperform → Market Perform | TD Cowen |
| 3/10/2023 | $4.00 → $2.25 | Outperform → Market Perform | Telsey Advisory Group |
| 3/10/2023 | Buy → Neutral | Guggenheim | |
| 3/10/2023 | Outperform → Mkt Perform | William Blair | |
| 3/6/2023 | $3.00 | Outperform → Neutral | Wedbush |
| 2/7/2023 | Neutral | BTIG Research | |
| 1/5/2023 | $5.00 → $4.00 | Overweight → Neutral | Piper Sandler |
| 8/10/2022 | $12.00 → $5.00 | Overweight → Equal-Weight | Morgan Stanley |
| 7/22/2022 | $10.00 | Overweight | Piper Sandler |
SAN FRANCISCO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today announced that Ravi Thanawala, Chief Financial Officer of Papa John's International, Inc. (NASDAQ:PZZA), has been appointed to its Board of Directors, effective September 10, 2024. "We are delighted to have Ravi join our Board," said Joe Vernachio, CEO and Board Director. "Ravi is a seasoned consumer executive with extensive experience in the retail, footwear, apparel and restaurant industries. We look forward to his contributions across operations and finance as we continue on our journey to make g
SAN FRANCISCO, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced the appointment of Ann Freeman as a member of the company's board of directors, effective August 16, 2022. Ms. Freeman is an industry veteran and dynamic leader having spent over 26 years at Nike where she held multiple leadership positions in all key global markets. Most recently Ms. Freeman was Vice President and General Manager of North America, Nike's largest market, where she led a team of 25,000 and oversaw all aspects of the business including, full P&L re
Telsey Advisory Group upgraded Allbirds from Market Perform to Outperform and set a new price target of $1.50
TD Cowen downgraded Allbirds from Outperform to Market Perform and set a new price target of $1.50 from $4.00 previously
Telsey Advisory Group downgraded Allbirds from Outperform to Market Perform and set a new price target of $2.25 from $4.00 previously
Guggenheim downgraded Allbirds from Buy to Neutral
William Blair downgraded Allbirds from Outperform to Mkt Perform
Wedbush downgraded Allbirds from Outperform to Neutral and set a new price target of $3.00
BTIG Research initiated coverage of Allbirds with a rating of Neutral
Piper Sandler downgraded Allbirds from Overweight to Neutral and set a new price target of $4.00 from $5.00 previously
Morgan Stanley downgraded Allbirds from Overweight to Equal-Weight and set a new price target of $5.00 from $12.00 previously
Piper Sandler initiated coverage of Allbirds with a rating of Overweight and set a new price target of $10.00
Q3 2024 Results Within Guidance RangesUpdates Full Year Outlook SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Overview Third quarter net revenue decreased 24.9% to $43.0 million versus a year ago, within the Company's guidance range.Third quarter gross margin improved approximately 90 basis points to 44.4% versus a year ago.Third quarter net loss of $21.2 million, or $2.68 per basic and diluted share.Third quarter adjusted EBITDA1 loss of
SAN FRANCISCO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make products in a better way, today announced that its third quarter 2024 financial results will be released after market close on Wednesday, November 6, 2024. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbirds investor relations website at https://ir.allbirds.com. A replay will be made available online and archived for 12 months on the investor relations website following the conference call
Q2 2024 Results Within or Above Guidance Ranges Continued Operational and Financial Progress SAN FRANCISCO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Overview Second quarter net revenue decreased 26.8% to $51.6 million versus a year ago, within the Company's guidance range.Second quarter gross margin improved 770 basis points to 50.5% versus a year ago.Second quarter net loss of $19.1 million, or $0.12 per basic and diluted share.Second quarter adjusted EBITDA1 l
SAN FRANCISCO, July 17, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make products in a better way, today announced that its second quarter 2024 financial results will be released after market close on Wednesday, August 7, 2024. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbirds investor relations website at https://ir.allbirds.com. A replay will be made available online and archived for 12 months on the investor relations website following the conference call.
Achieves Q1 2024 Financial Guidance Continues to Advance its Strategic Transformation Plan Reiterates Full Year 2024 Outlook; Provides Q2 2024 Guidance SAN FRANCISCO, May 08, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Overview First quarter net revenue decreased 27.6% to $39.3 million versus a year ago, within the Company's guidance range.First quarter gross margin improved 680 basis points to 46.9% versus a year ago.First quarter net loss of $27
SAN FRANCISCO, April 17, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced that its first quarter 2024 financial results will be released after market close on Wednesday, May 8, 2024. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbirds investor relations website at https://ir.allbirds.com. A replay will be made available online and archived for 12 months on the investor relations website
Allbirds COO Joe Vernachio Appointed CEO as Company Accelerates Strategic Transformation Plan Company Provides 2024 Outlook SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today reported financial results for the fourth quarter ended December 31, 2023. Separately, the Company also announced today that COO Joe Vernachio has been appointed as CEO, effective March 15, 2024. He will oversee all operations and continue advancing Allbirds' strategic transformation plan. Co-Founder & CEO Joey Zwillinger will remain on the B
SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better footwear and apparel products in a better way, today announced the appointment of Chief Operating Officer Joe Vernachio as Chief Executive Officer and a member of the Board of Directors, effective March 15, 2024. He succeeds Joey Zwillinger, Allbirds's co-founder and CEO, who will continue as a member of the Board of Directors and serve as a special advisor to the Company. Mr. Vernachio's addition to the Board will expand the size of Allbirds's Board of Directors to eight members. Vernachio has served as Allbirds's COO since Ju
SAN FRANCISCO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better footwear and apparel products in a better way, today announced that its fourth quarter and full year 2023 financial results will be released after market close on Tuesday, March 12, 2024. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbirds investor relations website at https://ir.allbirds.com. A replay will be made available online and archived for 12 months on the investor relation
Achieves Q3 2023 Guidance Targets; Delivers Continued Progress Under the Company's Strategic Transformation Plan Provides Fourth Quarter 2023 Financial Guidance SAN FRANCISCO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today reported financial results for the third quarter ended September 30, 2023. Q3 2023 Overview Net revenue decreased 21.2% to $57.2 million versus a year ago and decreased 8.7% compared to Q3 2021.Net loss of $31.6 million, or $0.21 per basic and diluted share.Adjusted EBITDA1 loss of $19.0 million.Ending inventory
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Allbirds (NASDAQ:BIRD) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 5 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 3 0 0 3M Ago 0 0 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $0.92, along with a high estimate of $1.00 an
Wedbush analyst Tom Nikic maintains Allbirds (NASDAQ:BIRD) with a Neutral and lowers the price target from $0.9 to $0.7.
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SAN FRANCISCO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today announced that Joe Vernachio, CEO, and Annie Mitchell, CFO, will be participating in the Morgan Stanley Global Consumer & Retail Conference on Wednesday, December 4, 2024 in New York City. About Allbirds, Inc. Based in San Francisco, with its roots in New Zealand, Allbirds launched in 2016 with a single shoe: the now iconic Wool Runner. In the years since, Allbirds has sold millions of pairs of shoes, and has maintained its commitment to incredible comfort, versatile style and unmatched quality. Th
Q3 2024 Results Within Guidance RangesUpdates Full Year Outlook SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today reported financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Overview Third quarter net revenue decreased 24.9% to $43.0 million versus a year ago, within the Company's guidance range.Third quarter gross margin improved approximately 90 basis points to 44.4% versus a year ago.Third quarter net loss of $21.2 million, or $2.68 per basic and diluted share.Third quarter adjusted EBITDA1 loss of
SAN FRANCISCO, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Allbirds Inc. has signed agreements with distributors in Europe and Latin America, as the global lifestyle brand continues to expand its international distributor model. Effective July 1st, 2025, industry leader CHRIS sports will be the exclusive Allbirds distributor across Austria, France, Germany, Italy, Liechtenstein, and Switzerland, bringing decades of expertise in Europe to the business. Also effective July 1st, 2025, Uruguay-based Wystam will launch the Allbirds brand in select countries within Latin America, becoming the exclusive distributor for Argentina, Bolivia, Ecuador, Paraguay, Peru, and Uruguay. "After a year of successful
SAN FRANCISCO, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make products in a better way, today announced that its third quarter 2024 financial results will be released after market close on Wednesday, November 6, 2024. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbirds investor relations website at https://ir.allbirds.com. A replay will be made available online and archived for 12 months on the investor relations website following the conference call
SAN FRANCISCO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today announced that it will proceed with a 1-for-20 reverse stock split ("Reverse Stock Split") of its outstanding shares of Class A Common Stock and Class B Common Stock (collectively, the "Common Stock") following approval by its Board of Directors. The 1-for-20 ratio is within the range approved by stockholders at a special meeting of BIRD stockholders held on August 13, 2024. The Reverse Stock Split is intended to bring the Company into compliance with the minimum bid price requirement for continued
SAN FRANCISCO, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today announced that Ravi Thanawala, Chief Financial Officer of Papa John's International, Inc. (NASDAQ:PZZA), has been appointed to its Board of Directors, effective September 10, 2024. "We are delighted to have Ravi join our Board," said Joe Vernachio, CEO and Board Director. "Ravi is a seasoned consumer executive with extensive experience in the retail, footwear, apparel and restaurant industries. We look forward to his contributions across operations and finance as we continue on our journey to make g
SAN FRANCISCO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Today, Allbirds unveiled its newest silhouette: the Tree Glider, a go-anywhere, goes-with-anything shoe that is crafted to perfectly complement an active lifestyle. Inspired by the feeling of lightness, the Tree Glider exudes effortless ease with soft lines and elevated curves, subtle knit detailing, and a lightweight construction. The distinct design blends aesthetic and athletic to transition seamlessly between settings. Its outsole traction pattern is designed for dynamic movements and made to move with you through your day – whether you're hitting your step count, or hitting up a new lunch spot with friends. An Allbirds 2023 consumer i
Q2 2024 Results Within or Above Guidance Ranges Continued Operational and Financial Progress SAN FRANCISCO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today reported financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Overview Second quarter net revenue decreased 26.8% to $51.6 million versus a year ago, within the Company's guidance range.Second quarter gross margin improved 770 basis points to 50.5% versus a year ago.Second quarter net loss of $19.1 million, or $0.12 per basic and diluted share.Second quarter adjusted EBITDA1 l
SAN FRANCISCO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Allbirds Inc., a global lifestyle brand that innovates with naturally derived materials to make better products in a better way, announced that Belle Fashion Group has been appointed its exclusive distributor and licensee in mainland China, Macau and Taiwan, effective June 28th. The shift from a direct go-to-market model to a third-party distributor model internationally is a critical component of Allbirds's strategy to drive long-term, scalable growth in overseas markets. Allbirds first launched in China in 2019, where Belle Fashion Group already operates thousands of stores and boasts a broad online presence for an expansive portfoli
SAN FRANCISCO, July 17, 2024 (GLOBE NEWSWIRE) -- Allbirds, Inc. (NASDAQ:BIRD), a global lifestyle brand that innovates with sustainable materials to make products in a better way, today announced that its second quarter 2024 financial results will be released after market close on Wednesday, August 7, 2024. The company will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. A live webcast of the conference call will be available on the Allbirds investor relations website at https://ir.allbirds.com. A replay will be made available online and archived for 12 months on the investor relations website following the conference call.