- Shares of Allbirds have crashed more than 50% year to date, primarily due to investors exiting growth stocks and fleeing toward safety plays.
- Fundamentally, Allbirds is performing above expectations. It just released Q4 results that beat Wall Street's top-line consensus and grew ~23% y/y.
- Allbirds is showing consistent gross margin expansion. With a product portfolio as "basic" as Allbirds', constant iteration will yield better profits.
- The company also continues to roll out new stores and build its footprint.
- Though not yet profitable, Allbirds is guiding to slightly lower adjusted EBITDA losses in 2022.
For further details see:
Allbirds: After Steep Decline, Worth Putting On The Watchlist