Coming off its IPO last month, Allbirds beat expectations in its first earnings report as a publicly traded company.
But analysts believe Allbirds is in the early stages of multi-year growth. Telsey Advisory Group CEO and Chief Research Officer Dana Telsey projects a sales compound annual growth rate of 26% to $700 million in 2025, up from $218 million in 2020, according to an emailed note. Telsey also anticipates EBITDA to turn positive in 2023 and reach $45 million in 2025, driven by Allbirds continuing its retail expansion, scaling international markets and adding to its product offerings.
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