Allbirds backs FY24 revenue view $190M-$210M, consensus $198.25M

Backs FY24 adjusted EBITDA loss view $63M-$78M. Backs FY24 gross margin view 42%-45%. Vernachio added, “We are focusing on bringing a fresh, updated product offering to consumers, supported by effective storytelling. Our recent launches, including the Wool Runner 2 and Tree Runner Go, have met with strong consumer response, reaffirming our conviction that Allbirds is a beloved brand. Looking further ahead, as we continue to drive improvement in our cost structure and underlying operating model, we believe the business is on the right path to achieve long-term profitable growth and deliver shareholder value.”