Allbirds, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2022
May 10, 2022 at 04:15 pm EDT
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Allbirds, Inc. provided earnings guidance for the second quarter and full year 2022. For the second quarter, the company expects net revenue of $75 million to $79 million, representing growth in the range of 10% to 16% versus the second quarter of fiscal 2021.
For the year, the company expects net revenue of $335 million to $345 million, representing growth in the range of 21% to 24%, including an estimated FX impact of 150-200 bps, versus fiscal 2021.
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. 
