The result was at the top of its own forecast, but 23.1 % below the previous year’s value. The main reasons were planned branch closures in the USA and the switch to a distributor model in several international markets.
The gross margin fell by 9.8 percentage points to 40.7 %per year. The bottom line was a net loss of $ 15.5 million (EUR 14.11 million), after $ 19.1 million (EUR 17.38 million) in the previous year. The adjusted EBITDA minus decreased slightly to $ 12.6 million (EUR 11.45 million).
At the end of the quarter, the company had 33.1 million US dollars (EUR 30.16 million) of liquids. The stocks were reduced by 21.3 % to $ 42.2 million (EUR 38.40 million) per year. Allbirds also completed a new financing agreement with a revolving credit line over $ 75 million (EUR 68.25 million).
For the year 2025, Allbirds now expects sales between 165 million and $ 180 million (150.15 million and 163.80 million euros), after 175 million to 195 million $ (159.25 million to 177.45 euros). The forecast for adjusted EBITDA deficit remains unchanged at $ 55 million to $ 65 million (50.05 million to 59.15 million euros). In the fourth quarter, the company expects sales growth again, supported by new products as well as marketing and customer loyalty measures.
