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Allbirds Says Q1 Revenue to Fall Up to 28%, Shares Plunge

By
Ann Gehan
· · Source: The Information

Allbirds shares plummeted more than 17% in after-hours trading on Thursday after the direct-to-consumer brand predicted that revenue would fall between 20% and 28% in the coming quarter. The fourth quarter also marked the first time the footwear brand posted a decline in  year-over-year quarterly sales. Executives told analysts that the brand had shifted its focus too far away from its core...

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