Financial PerformanceBIRD delivered 2Q adj. EBITDA above both consensus & the high end of guidance, driven by slight topline upside and better-than-expected cost control.
Turnaround StrategyManagement's restructuring and turnaround efforts have Allbirds well-positioned to develop a business model to capitalize on its up-and-coming brand with sustainable, profitable sales growth.
ValuationShares currently trade at a market cap/sales multiple of 0.4x, a discount to the peer average, indicating potential for valuation growth.