BIRD Q3 Loss Narrower Than Expected, Revenues Fall on Lower Unit Sales
Allbirds(BIRD) ZACKS·2024-11-08 01:11
Allbirds, Inc. (BIRD) posted third-quarter 2024 results, wherein the bottom line outpaced the Zacks Consensus Estimate. Earnings were also above the year-ago quarterly number. However, the year-over-year decline in revenues was a disappointment.The company recently transitioned to a distributor model in China, streamlining its operations for better market penetration. It entered into a new distributor agreement covering six key European countries, further extending its reach in mainland Europe. Following th ...