BIRD Earnings Prediction
The chart below shows how BIRD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BIRD sees a +7.11% change in stock price 10 days leading up to the earnings, and a -11.11% change 10 days following the report. On the earnings day itself, the stock moves by -0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
BIRD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
43.00M
-24.89%
-16.65%
Gross Margin
44.36%
2.00%
-12.18%
Operating Margin
-50.58%
0.44%
35.64%
Net Margin
-49.25%
-10.71%
32.79%
EPS
-2.68
-35.42%
9.39%
No Data Available
BIRD Earnings Analysis
Allbirds, Inc. Class A Common Stock Corporation (BIRD.O) Earnings Conference Call
Positive
Third Quarter Net Revenue: Net revenue for the third quarter totaled $43 million, reflecting strong execution and matching expectations.
Gross Margin Expansion: Gross margin expanded 90 basis points versus a year ago to 44.4%, primarily attributed to lower freight and duty costs.
Store Closure Optimization: We completed two additional closures, bringing our total US store closures in 2024 to 15, optimizing our store fleet for profitability.
Strong Gross Margin Performance: Our ongoing financial rigor enabled us to achieve strong gross margin performance, reduce costs, and manage inventory levels carefully this quarter.
Strong Cash Position: We ended the quarter with cash and cash equivalents of $79 million, maintaining a strong financial position.
Negative
Third Quarter Net Revenue: Net revenue for the third quarter totaled $43 million and primarily reflects lower unit sales, partially offset by higher average selling prices within our direct business.
Revenue Impact Factors: As anticipated, revenue was also impacted by our international distributor transitions and retail store closures.
Distributor Model Implementation: Q3 is the first quarter in which all five of the direct regions we identified for transition are now operating under a distributor model.
Gross Margin Improvement: Gross margin expanded 90 basis points versus a year ago to 44.4%. The improvement is primarily attributable to lower freight and duty costs, as well as benefits from our healthier inventory position.
US Store Closures Update: During the quarter, we closed one US store, followed by one additional closure subsequent to quarter end. That brings our total US store closures in 2024 to 15.
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BIRD Earning Call Sentiment
Allbirds, Inc. (BIRD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
BIRD.O
-4.2%Positive
The earnings call reveals ongoing financial challenges with expected EBITDA losses and revenue declines due to store closures and international transitions. Despite some positive aspects like improved gross margins and SG&A expenses, the lack of a share buyback program and competitive pressures during the holiday season contribute to a negative outlook. The Q&A section highlights uncertainties in inventory management and future growth, further dampening sentiment. Overall, the financial and strategic indicators suggest a negative market reaction in the short term.
