Allbirds on Monday cut its projection for 2022 revenue even further as the Ukraine war and lockdowns in China, where it has four physical stores, continue to stymie sales growth and a brick-and-mortar expansion weighs on profits. The sneaker seller now expects its full-year sales to rise as much as 14% to $315 million versus the 24% increase it anticipated last quarter. Allbirds’ sales rose...
markets
e-commerce
Allbirds Further Slashes Full Year Guidance Amid Slower Growth & Increased Losses
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