EXEC: Allbirds Shares Pop As Transformation Efforts Gain Traction

Allbirds reported a loss in the second quarter, but the period marked the troubled eco-friendly sneaker seller’s second quarter in a row of top- and bottom-line results above expectations. Company officials told analysts that its transformation efforts included a refocus on core styles, including the Wool RunnerĀ andĀ Tree Dasher, which had made progress.