Allbirds, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2022
February 23, 2022 at 04:22 pm EST
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Allbirds, Inc. provided earnings guidance for the year 2022. For the year, the company expects net revenue of $355 million to $365 million, representing growth in the range of 28% to 32% versus fiscal 2021 and 62% to 66% versus fiscal 2020.
For the first quarter of 2022, the company expects net revenue of $60 million to $62 million, representing growth in the range of 21% to 25% versus the first quarter of fiscal 2021 and 42% to 47% versus the first quarter of fiscal 2020.
Allbirds, Inc. is a global lifestyle brand, which uses sustainable materials to make footwear and apparel products. The Company offers different products across its footwear and apparel categories, including lifestyle and performance products. The Companyâs products include men's shoes, women's shoes, men's apparel, women's apparel, and socks. It offers various categories of shoes, including everyday sneakers, active shoes, water-repellent shoes, slip-ons, hiking shoes and high tops. It provides various categories of menâs apparel, including socks, underwear, tees, sweatshirts and sweatpants, hats, insoles and lace kits. Its women's apparel includes socks, underwear, tees and sweats and pajamas. Its core franchises include lifestyle and performance shoes, such as the Dasher and the Runner. Its physical retail channel consists of approximately 60 Company-operated stores spread across seven countries, with the majority in the United States.
ALLBIRDS, INC. 
