The American shoe and clothing provider Allbirds Inc. had to accept significant drops in sales in the 2024 financial year. Thanks to the ongoing savings program, the company was able to significantly reduce its loss.
According to a announcement published on Tuesday, sales last year amounted to $ 189.8 million (EUR 174.0 million). This corresponded to a decline of 25.3 percent compared to 2023. The losses were primarily due to lower sales in their own retail, the targeted closure of stores in the USA and the consequences of strategic changes in international sales, the company said.
For 2025, the company predicts further progress in the result
However, Allbirds made progress in the result. Due to a higher gross margin, extensive cost reductions and lower disposal loads, the operational loss, which had been $ 153.0 million in the previous year, decreased to $ 97.6 million. The designated net loss fell by 39 percent to $ 93.3 million (85.6 million euros).
For 2025, management forecast sales in the range from $ 175 to $ 195 million. The loss of interest, taxes and depreciation (EBITDA), which was adjusted for special effects, which had amounted to $ 70.0 million in 2024, is to be reduced to $ 28 to $ 25 million.