Overview

* Allbirds Q3 2025 revenue falls 23.3% yr/yr, missing analyst expectations

* Adjusted EBITDA loss beats estimates, improving slightly from last year

* Revenue decline due to internationaldistributor transitions and store closures

Outlook

* Allbirds ( BIRD ) sees full-year 2025 revenue of $161 mln to $166 mln

* Company expects Q4 2025 revenue of $56 mln to $61 mln

* Allbirds ( BIRD ) anticipates adjusted EBITDA loss of $63 mln to $57 mln for 2025

Result Drivers

* STRUCTURAL CHANGES - Revenue decline attributed to international distributor transitions and planned store closures

* GROSS MARGIN DECLINE - Higher mix of digital and internationaldistributor sales, increased U.S. duties offset higher average selling price

* NEW PRODUCT LAUNCHES - Strong customer response to new products introduced during the quarter

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $32.99 $37.2

Revenue mln mln (3

Analysts

)

Q3 EPS -$2.49

Q3 Net -$20.32

Income mln

Q3 Beat -$15.7 -$16.7

Adjusted mln mln (3

EBITDA Analysts

)

Q3 Gross $14.24

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the footwear peer group is "buy."

* Wall Street's median 12-month price target for Allbirds Inc ( BIRD ) is $11.00, about 24.6% above its November 5 closing price of $8.29

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)