×
65 468
Fashion Jobs
NORDSTROM
Asset Protection - Agent - Grand Plaza Rack
Permanent · San Marcos
NORDSTROM
Asset Protection - Security Ambassador - Marina Pacifica Rack
Permanent · Long Beach
NORDSTROM
Asset Protection - Agent - The Mall at Green Hills
Permanent · Nashville
MAJE
Sales Supervisor, Southwest, ca
Permanent · FREMONT
SANDRO
pt Keyholder, Toronto, Ontario
Permanent · TORONTO
SANDRO
Part Time Keyholder, New York, ny
Permanent · NEW YORK
MAJE
Part Time Keyholder, New York, ny
Permanent · NEW YORK
MAJE
Part Time Keyholder, Beverly Hills, California
Permanent · BEVERLY HILLS
SANDRO/MAJE
Manager, Total Rewards & HR Analytics
Permanent · NEW YORK
MAJE
Keyholder, South West, ca
Permanent · SAN DIEGO
SANDRO/MAJE
Keyholder, Santa Clara, ca
Permanent · SANTA CLARA
SANDRO
General Manager, Halton Hills, Ontario
Permanent · HALTON HILLS
SANDRO/MAJE
Brand Manager, San Francisco, California
Permanent · SAN FRANCISCO
SANDRO/MAJE
Accounts Payable Coordinator, New York, New York
Permanent · NEW YORK
NEIMAN MARCUS
Sales Coordinator - Majestic
Permanent · Palo Alto
CORPORATE
sr Financial Analyst, Consolidation
Permanent · Dallas
MARC JACOB'S
Sales Supervisor
Permanent · Lutz
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Chevy Chase
Permanent · Chevy Chase
ASCENA
Loft - pt Sales Manager
Permanent · Mount Pleasant
ASCENA
Lane Bryant Part Time Keyholder - Mayfaire Town Center
Permanent · Wilmington
PVH
Director HR & Talent, Supply Chain - Pvh Corp
Permanent · New York
THE REALREAL
Fulfillment Lead - Inventory Control
Permanent · Phoenix
Published
Nov 10, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Allbirds sales, earnings exceed expectations; U.S. physical retail pays off

Published
Nov 10, 2022

U.S. sustainable footwear company Allbirds Inc. announced on Tuesday financial results for the third quarter exceeded expectations, with sales up 16% to $72.7 million year-over-year and up 54% compared to 2020. 


Allbirds


The San Francisco-based company said ​the sales increase for the quarter ending September 30 was primarily attributable to a lift in the number of orders, driven by retail store sales, and an increase in average order value. 

Allbirds' U.S. physical retail channel sales grew 53%, compared to 2021, as the company opened six domestic stores during the quarter, ending the period with 38 locations in the United States.

Net loss was $25.2 million, compared to $13.8 million in the third quarter of 2021, while adjusted EBITDA was a loss of $12.7 million, compared to a loss of $6.3 million.

"We delivered a strong quarter in what remains a highly dynamic operating environment. I am proud that we exceeded our Q3 adjusted revenue and adjusted EBITDA guidance targets while also delivering on our sustainability goals,” said Joey Zwillinger, co-founder and co-CEO.

Following the quarterly lift, revenues for the first nine months increased 18.5% to $213.6 million, while net loss was $76.5 million, compared to $34.9 million in the first nine months of 2021.

“Looking ahead to year end and 2023, we continue to expect macro headwinds to persist but believe that our brand, our growth strategy, and simplification initiatives position us well to emerge strongly from this period," added Zwillinger.

The company reaffirmed its guidance targets for full-year 2022. It predicts ​adjusted net revenue of $305 million to $315 million, representing growth in the range of 10% to 14%, and ​an adjusted EBITDA loss of $42.5 million to $37.5 million, including an estimated $8 million of recurring public company costs.
 

Copyright © 2023 FashionNetwork.com All rights reserved.