A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021.
Al Drago | Bloomberg | Getty Images
Allbirds on Tuesday reported its fiscal third-quarter revenue rose 33% from last year, while its losses widened as the cost of opening stores and listing its stock weighed on its results.
It marked the sustainable shoe maker’s first quarterly earnings report as a public company.
Allbirds shares fell 2% in extended trading on the news. The shares are down slightly since the company went public on Nov. 3. Shares closed Tuesday at $19.24, about 9% below its opening trade price of $21.21.
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