Allbirds Shares Plummet 14% on Weak Guidance, While Q2 Results Beat Estimates

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“I am proud of our strong second quarter performance in which we achieved our revenue expectations and exceeded our adjusted EBITDA expectations, while continuing to take market share,” said Joey Zwillinger, co-Founder and Co-CEO.

The company expects Q3 adjusted net revenue to be in the range of $65-$70 million, representing year-over-year growth in the range of 4%-12%.

For the full 2022-year, the company expects revenue in the range of $305-315 million, worse than the consensus estimate of $339.6 million.

By Davit Kirakosyan