Allbirds shares slump on poor result, CFO to depart
Co-CEOs Brown and Zwillinger admit mis-steps in not focusing on ‘core DNA’.
Allbirds co-CEOs Tim Brown and Joey Zwillinger.
All eyes will be on Allbirds’ stock when the US markets open overnight, as the Nasdaq-listed shoe and apparel company’s stock fell 47% on Friday due to lacklustre results, which were below expectations and will see it slow its bricks-and-mortar strategy.
Allbirds listed at US$15 per share and
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