Allbirds reported a Q1 FY24 revenue decline of 27.6 per cent to $39.3 million due to reduced demand and store closures.
The company’s gross margin improved to 46.9 per cent, but net loss widened to $27.3 million.
Selling, general, and administrative and marketing costs decreased.
Adjusted EBITDA loss improved slightly to $20.9 million in Q1 FY24.Allbirds reported a Q1 FY24 revenue decline of 27.6 per cent to $39.3 million due to reduced demand and store closures.
The company’s gross margin improved to 46.9 per cent, but net loss widened to $27.3 million.
Selling, general, and administrative and marketing costs decreased.
Adjusted EBITDA loss improved slightly to $20.9 million in Q1 FY24.
