×
47
Fashion Jobs
SHISEIDO
Drunk Elephant Account Manager - Arnotts Dublin (37.5 Hours)
Permanent · Dublin
TAPESTRY
Sales Associate i - ce ir Arnotts (Women) (37.5 Hours)
Permanent · Dublin
LEVI'S
Summer Stylist Temp
Fixed-term · Kildare
RITUALS
Store Manager - Dundrum (40 Hours)
Permanent · Dublin
RITUALS
Sales Advisor - Dundrum (8 Hours)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 16h - Permanent - Dublin m/f
Permanent · DUBLIN 2
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 15h - Permanent- bt Dundrum m/f
Permanent · DUBLIN
CLAUDIE PIERLOT IRLANDE
Sales Assistant - 10h - Fixed-Term - bt Dundrum m/f
Fixed-term · DUBLIN
LULULEMON
Educator | Brown Thomas Grafton st Part-Time
Permanent · Dublin 2
BA&SH
New Opening - Staff Members - Dundrum Dublin
Permanent · DUBLIN
LULULEMON
Key Leader | Brown Thomas Grafton st
Permanent · Dublin
AMERICAN VINTAGE
Assistant Store Manager (M/W) New Opening
Permanent · KILDARE
RITUALS
Sales Advisor - Galway (24 Hours)
Permanent · Galway
BA&SH
Sales Assistant - Kildare Village - New Opening
Permanent · KILDARE
BA&SH
Store Manager - Kildare Village - New Opening
Permanent · KILDARE
AMERICAN VINTAGE
Store Manager (M/W) New Opening
Permanent · KILDARE
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Drogheda
LULULEMON
Store Manager | Brown Thomas Cork
Permanent · Cork
LULULEMON
Educator Part-Time | Dundrum
Permanent · Dublin
LULULEMON
Educator Full - Time | Dundrum
Permanent · Dublin
RITUALS
Supervisor - Dundrum (32 Hours)
Permanent · Dublin
Published
Feb 24, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Allbirds reports record-breaking Q4 revenues, 2021 sales surge 27%

Published
Feb 24, 2022

Allbirds announced on Wednesday record-breaking revenues of $97 million for the fourth quarter, sending the innovative footwear and apparel brand's 2021 sales up 27% for the year.



For the 12 months ending December 31, Allbirds saw revenues climb 27% toto $277.5 million compared to 2020, or 43% compared to 2019 - Allbirds


San Francisco-based Allbirds said fourth-quarter revenues increased 23% to $97.2 million, compared to the fourth quarter of 2020 and increased 43% compared to the fourth quarter of 2019, making it Allbirds’ highest sales quarter to date.

By region, net revenue in the United States increased 25% to $76.9 million and international net revenue increased 14% to $20.3 million.

For the 12 months ending December 31, Allbirds saw revenues climb 27% to to $277.5 million compared to 2020, or 43% compared to 2019.

​Net revenue in the United States for the full year increased 26% to $209.8 million and international net revenue increased 29% to $67.7 million compared. The increases came on strong consumer demand across geographies and channels, as well as new products, said the company in a statement.

​“We are pleased to report a strong finish to 2021, with Q4 representing our largest revenue quarter on record, headlining financial performance ahead of our guidance targets,” said Joey Zwillinger, co-founder and o-CEO.

“Our results reflect strong global demand for the Allbirds brand and best-in-class execution by our teams during a period of ongoing macro challenges. Fourth quarter revenue grew 23% year-over-year and 43% versus 2019, representing an acceleration of our two-year growth rate. In the quarter, we saw strength across retail and digital channels, as well as geographies. The quarter culminated with a remarkable holiday season, which included the two biggest sales days in company history, highlighting the power of our omni-channel model.”

Net loss in the fourth quarter was $10.4 million, compared to net loss of $9.4 million in 2020, said Allbirds, while net loss for the full year was $45.4 million, compared to net loss of $25.9 million in 2020.

​“Looking at full year 2021 as a whole, we are pleased that we grew net revenue by 27%, while continuing to improve our profitability, as evidenced by a 30% year-over-year improvement in gross profit, a 145 bps improvement in gross margin, and a 24% year-over-year improvement in adjusted EBITDA," said Mike Bufano, chief financial officer.

"The strength of our fourth quarter and full year results provides us with continued confidence in our medium-term financial targets of 20-30% net revenue growth, 60%+ gross margin, and mid- to high-teens adjusted EBITDA margin.”

Looking ahead, Allbirds said it expects net revenue of $355 million to $365 million in 2022, representing growth in the range of 28% to 32% versus fiscal 2021.

Copyright © 2022 FashionNetwork.com All rights reserved.