Allbirds reports Q4 EPS ($3.23) , consensus ($3.45)

Reports Q4 revenue $55.9M consensus $55.86M.As of December 31, the Company had $66.7M of cash and cash equivalents and no outstanding borrowings under its $50.0 million revolving credit facility. “2024 was a year of progress both operationally and financially,” said Joe Vernachio, Chief Executive Officer. “We strengthened our operating model, driving gross margin expansion and cost reduction, while also bolstering Allbirds (BIRD)’ international presence via new distributor agreements. Importantly, we reignited our product and marketing engines, which is expected to fuel improvement in trend in the second half of the year, including our return to top line growth in the fourth quarter. We are continuing to operate with financial discipline as we focus on further advancing our plans around product, marketing, and customer experience.” .