Financial

Allbirds reduces Q1 loss, confirms FY guidance

By 2024-05-12T14:38:00

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With the group’s transformation strategy in progress, Allbirds dropped its Q1 operating loss by 16 percent to $29.8 million from $35.7 million despite a 28 percent decline in sales to $39.3 million from $54.4 million. Lower overall demand and impact from retail store closures and international distributor changes contributed to ...

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