Allbirds Posts Record $97M Quarter

Sustainable footwear and activewear company Allbirds reported a record $97.2 million in fourth-quarter revenue. The brand’s full-year revenue increased 27% year-over-year to $277.5 million.

Net revenue increased 23% from Q4 FY2020 and rose 43% from the same period in 2019. U.S. revenue grew 25% to $76.9 million, with international revenue growing 14% to $20.3 million.

Full-year gross profit jumped 30% to $146.7 million compared to the year prior.

• Compared to 2020, Allbirds saw a 112% increase in retail channel sales in 2021.
• Allbirds opened 13 stores during the year.
• It also says it reduced the carbon footprint of its top 10 products by 14%.

The company attributed the record quarter to its “strongest new product quarter of the year,” and its “inventory position entering the quarter.” Its full-year revenue increase was attributed to growth in both digital and retail channels.

Co-founder and co-CEO Joey Zwillinger also highlighted the company’s progress in its Allbirds Flight Plan, a “blueprint for reducing our already-low product emissions by 50% by the end of 2025 and 95% by 2030.”

Allbirds Is All In

Allbirds, which sells running and athleisure shoes, announced Allbirds ReRun last week, its own resale platform.

The company’s 2022 net revenue outlook ranges from $355 million to $365 million, a 28%-to-32% increase from 2021.

Zwillinger said Allbirds sees its 2022 product roadmap as its strongest to date, citing the company’s innovation engine, retail store expansion, and increase international presence to “continue to drive an accelerating toppling growth rate in 2022.”