Allbirds Reports Third Quarter 2024 Financial Results
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Allbirds, Inc. (NASDAQ: BIRD) reported a 24.9% decrease in net revenue for Q3 2024, aligning with their guidance. The company also updated its full-year outlook.
November 06, 2024 | 9:30 pm
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Allbirds reported a 24.9% decrease in Q3 2024 net revenue, which was within their guidance range. The company also updated its full-year outlook.
The significant decrease in revenue suggests potential challenges in sales or market conditions, which could negatively impact investor sentiment. However, the results were within guidance, indicating that the company anticipated this performance. The update to the full-year outlook could provide further insights into future expectations.
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