Allbirds, Inc. (BIRD) Q1 2024 Earnings Call Transcript

Allbirds, Inc. (NASDAQ:BIRD) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET

Company Participants

Christine Greany – Investor Relations
Joe Vernachio – Chief Executive Officer
Ann Mitchell – Chief Financial Officer

Conference Call Participants

Janine Stichter – BTIG
Alex Straton – Morgan Stanley
Dylan Carden – William Blair


Good afternoon and thank you for standing by. At this time, I would like to welcome everyone to the Allbirds First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. I would now like to turn the call over to Christine Greany Investor Relations. Please go ahead.

Christine Greany

Good afternoon everyone and thank you for joining us. With me on the call today are Joe Vernachio, CEO; and Ann Mitchell, CFO.

Before we start, I’d like to remind you that we will make certain statements today that are forward-looking within the meaning of the Federal Securities laws, including statements about our financial outlook, including cash flow and adjusted EBITDA expectations, 2024 guidance targets, impact and duration of external headwinds, strategic transformation plan and related planned efforts, go-to-market strategy, planned transitions to a distributor model in certain international markets, anticipated distributor model arrangements, expected profitability, cost savings targets, gross margin estimates, product plan timelines and expectations, third-party partnership strategy, marketing strategy, and other matters referenced in our earnings release issued today.

These forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially. Please also note that these forward-looking statements reflect our opinions only as of the date of this call and we undertake no obligation to revise any statements to reflect changes that occur after this call.

Please refer to