Allbirds Q3 revenue misses expectations, hurt by international distributor transitions and store closures

Allbirds

06/11/2025 22:19

Overview

Allbirds Q3 2025 revenue falls 23.3% yr/yr, missing analyst expectations

Adjusted EBITDA loss beats estimates, improving slightly from last year

Revenue decline due to international distributor transitions and store closures

Outlook

Allbirds sees full-year 2025 revenue of $161 mln to $166 mln

Company expects Q4 2025 revenue of $56 mln to $61 mln

Allbirds anticipates adjusted EBITDA loss of $63 mln to $57 mln for 2025

Result Drivers

STRUCTURAL CHANGES - Revenue decline attributed to international  distributor transitions and planned store closures

GROSS MARGIN DECLINE - Higher mix of digital and international distributor sales, increased U.S. duties offset higher average selling price

NEW PRODUCT LAUNCHES - Strong customer response to new products introduced during the quarter

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$32.99 mln
$37.2 mln (3 Analysts)
Q3 EPS
-$2.49
Q3 Net Income
-$20.32 mln
Q3 Adjusted EBITDA
Beat
-$15.7 mln
-$16.7 mln (3 Analysts)
Q3 Gross Profit
$14.24 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the footwear peer group is "buy."

Wall Street's median 12-month price target for Allbirds Inc is $11.00, about 24.6% above its November 5 closing price of $8.29

Press Release: ID:nGNX8Fjlg8

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)