Allbirds Q2 2024 GAAP EPS $(0.12) Beats $(0.17) Estimate, Sales $51.582M Beat $50.515M Estimate
Portfolio Pulse from Benzinga Newsdesk
Allbirds (NASDAQ:BIRD) reported Q2 2024 GAAP EPS of $(0.12), beating the $(0.17) estimate. Sales were $51.582M, surpassing the $50.515M estimate. Despite beating estimates, sales decreased by 26.81% year-over-year.
August 07, 2024 | 9:37 pm
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POSITIVE IMPACT
Allbirds reported better-than-expected Q2 2024 GAAP EPS and sales, but sales decreased significantly year-over-year.
Allbirds' better-than-expected EPS and sales figures are positive short-term indicators. However, the significant year-over-year sales decline may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100