×
67 562
Fashion Jobs
ESTEE LAUDER
Keyholder - Cosmetics Company Store - 40 Hours - Camarillo Premium Outlets - Camarillo, ca
Permanent · Camarillo
MACY'S
Asset Protection Detective, Fayette Mall - Full Time
Permanent · Lexington
NORDSTROM
Area sc Manager 2
Permanent · San Bernardino
NORDSTROM
Assistant Manager- Operations- King of Prussia
Permanent · King of Prussia
NORDSTROM
Inventory Control Specialist - 1st Shift (Sun-Thurs) - Newark, ca
Permanent · Newark
NORDSTROM
Assistant Manager - Operations - Keystone
Permanent · Indianapolis
NORDSTROM
Business Analyst 2 - Store Operations
Permanent · Seattle
NORDSTROM
Assistant Manager - Asset Protection - Washington Square
Permanent · Tigard
NORDSTROM
Business Process Improvement Manager
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - Heartland Town Center Rack
Permanent · Mississauga
NORDSTROM
HR Business Partner, Supply Chain – San Bernardino Fulfillment Center – Hybrid
Permanent · San Bernardino
NORDSTROM
Senior Project Manager, Nmg Brand Programs - Data, Insight And Analytics
Permanent · Seattle
NORDSTROM
sr. Manager of Marketing -Gift Card- Remote
Permanent · Seattle
NORDSTROM
Overnight Asset Protection - Security Ambassador - Houston Galleria
Permanent · Houston
NORDSTROM
Asset Protection - Security Ambassador - Broadway Plaza in Walnut Creek
Permanent · Walnut Creek
NORDSTROM
District Manager - Asset Protection - Minnesota, Wisconsin
Permanent · Bloomington
NORDSTROM
Area Manager - Asset Protection - San Jose Area Racks
Permanent · San Jose
NORDSTROM
Senior Project Manager, Merchandising Transformation - Hybrid
Permanent · Seattle
NORDSTROM
Asset Protection - Agent - San Leandro Rack
Permanent · San Leandro
NORDSTROM
Assistant Manager - Women's / bp / Salon Shoes - Grove at Farmer's Market
Permanent · Los Angeles
NORDSTROM
Project Manager 2, Merchandising Transformation - Hybrid
Permanent · Seattle
NORDSTROM
Assistant General Manager- Ruscello- Oakbrook Center
Permanent · Oak Brook
Published
May 14, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Allbirds Q1 sales boosted by U.S. market, international growth slows

Published
May 14, 2022

Allbirds announced last week total revenues for its first quarter increased 26%, on the back of double-digit growth in the U.S. which offset sales lags in its international market.  


Total revenues reached $62.8 million for the first quarter ending March 31, compared to $49.6 million in the prior-year quarter - Allbirds


The San Francisco-based company said total revenues reached $62.8 million for the first quarter ending March 31, compared to $49.6 million in the prior-year quarter.

Sales lifted on strong consumer demand in the United States, where net revenue increased 35% to $48.9 million, "reflecting growth in our digital and physical retail channels, new product launches and refreshes, and improved pricing," said the company.

International net revenue increased 3% to $13.8 million -- slowed by Covid-19 restrictions in China, Russia’s invasion of Ukraine in Europe, and a strengthening U.S. dollar in some international markets, added the company.

Physical retail channel sales grew 129% in the first quarter, with four new stores opening during the quarter and 17 since the first quarter of 2021; the company ending the period with 39 locations around the world.

The sustainable footwear and apparel company recorded a net loss of $21.9 million, widening from $13.5 million in the same quarter a year earlier.

“Tumult around the world since our last earnings report, including Russia’s invasion of Ukraine and China’s Covid-19 restrictions, impacted the performance of our international business in Q1 and is expected to persist for the remainder of 2022," said Joey Zwillinger, co-founder and co-CEO. 

"These factors were more than offset by excellent performance in our U.S. business, which delivered net revenue growth of 35% in the first quarter. Net revenue growth for the total business again accelerated on both a one- and two-year basis in the quarter, up 26% and 49%, respectively.”

Looking ahead, Allbirds said it expects full year 2022 net revenue to fall between $335 million and $345 million, representing growth in the range of 21% to 24%.
​​
“We believe our teams are continuing to execute well amidst the external headwinds and we remain focused on driving the topline through our core growth pillars of delivering product innovation, growing our store portfolio and expanding internationally, with those growth pillars highlighted in 2022 by what we believe is the most exciting new product roadmap in the history of the company," concluded Zwillinger.

Copyright © 2022 FashionNetwork.com All rights reserved.