Allbirds (BIRD) reports Q3 2021 earnings


A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021.

Al Drago | Bloomberg | Getty Images

Allbirds said Tuesday that its third-quarter revenue rose 33% from last year, while its losses widened as the cost of opening stores and listing its stock weighed on its results.

Allbirds shares fell around 6% in extended trading on the report, which was its first as a public company. While its sales climbed significantly, investors didn’t like to see continued losses.

For the three months ended Sept. 30, net losses widened to $13.8 million, or 25 cents per share, from a loss of $7 million, or 13 cents a share, a year earlier.

Sales climbed…

Source cnbc.com

0 0 votes
Article Rating

Oil prices could soar to $150 in a fully reopened world: Jefferies

Previous article

Powell’s pivot on inflation turns the trader pandemic playbook on its head

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings