Allbirds Expects Q4 Net Revenue Of $66M-$72M, A Decrease Of 22%-15% Y/Y
Portfolio Pulse from Benzinga Newsdesk
Allbirds, a footwear company, anticipates its Q4 net revenue to be between $66M and $72M, marking a decrease of 15%-22% year-over-year.
November 08, 2023 | 10:26 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Allbirds expects a decrease in Q4 net revenue by 15%-22% Y/Y, which may negatively impact its stock price.
Revenue is a key indicator of a company's financial health. A decrease in projected revenue, especially a significant one like 15%-22%, can be a red flag for investors, potentially leading to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100