San Francisco-based footwear and apparel brand, Allbirds, has achieved record-breaking revenues in the fourth quarter of 2021. The company reported a sales increase of 27% for the full year, reaching revenues of $97 million in Q4 alone. This marks its highest sales quarter to date. Comparing to the same period in 2020, Allbirds saw a 23% increase in revenues, and compared to 2019, it experienced a remarkable 43% increase.

The United States witnessed a 25% rise in net revenue, totaling $76.9 million, while international net revenue increased by 14% to $20.3 million. Throughout the 12-month period ending on December 31, 2021, Allbirds achieved revenues of $277.5 million, a 27% increase compared to the previous year and an impressive 43% increase compared to 2019. Net revenue in the United States rose by 26% to $209.8 million for the full year, while international net revenue reached $67.7 million, a 29% increase.

Strong consumer demand, along with the introduction of new products, contributed to these revenue increases in various regions and channels. Joey Zwillinger, co-founder and co-CEO of Allbirds, expressed his satisfaction with the company’s performance, stating that Q4 represented its largest revenue quarter to date. Zwillinger credited the global demand for the Allbirds brand and the exceptional execution of the team in challenging market conditions for achieving these impressive results. The company saw growth across retail and digital channels, as well as in different geographical areas. The holiday season was particularly exceptional, with Allbirds witnessing its two biggest sales days in history, showcasing the effectiveness of its omni-channel model.

Despite the positive revenue growth, Allbirds reported a net loss of $10.4 million for the fourth quarter, compared to $9.4 million in the previous year. For the full year, the net loss amounted to $45.4 million, compared to $25.9 million in 2020.

Looking ahead, Allbirds maintains an optimistic outlook for its financial performance. The company expects net revenue to reach $355 million to $365 million in 2022, representing a growth rate of 28% to 32% compared to fiscal 2021. Allbirds also aims to achieve medium-term financial targets, including 20-30% net revenue growth, a gross margin of over 60%, and an adjusted EBITDA margin in the mid- to high-teens range.

Allbirds’ success in 2021 showcases its ability to meet consumer demands and maintain its position as a leader in sustainable and innovative footwear and apparel. With its strong revenue performance and ambitious growth targets, Allbirds is poised to make a significant impact in the fashion industry in the coming years.

*Useful links:
-[Allbirds Official Website](https://www.allbirds.com/)
-[Allbirds Sustainable Practices](https://www.allbirds.com/pages/sustainable-practices)