Shoemaker Allbirds' losses step down by a quarter

Allbirds is co-founded by ex-All White Tim Brown. (Image: File)

Wed, 12 Mar 2025

Allbirds' losses have narrowed, its fourth-quarter and full-year results showed on Wednesday, but its sales continued to fall and it forecast more red ink ahead.The maker of sustainable footwear and activewear using New Zealand merino wool and other material, co-founded by ex-All White Tim Brown, today reported its full-year 2024 revenue fell 25.3% to US$189.8 million (NZ$330m) compared to US$254.1m.Its full-year net loss was US$93.1m from a net loss of US$152.5m in 2023. Its fourth-quarter net loss narrowed to US$25.7m from the year a...

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