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Sneaker brand Allbirds posts big drop in sales, replaces CFO, halts store openings

Por: Los Angeles Times Business March 10, 2023

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Allbirds sold investors on a growth story when the sneaker brand went public less than 18 months ago. Those sales gains disappeared in the fourth quarter, tanking its stock. Revenue in the three months through December sank 13% to $84.2 million, trailing the average analyst estimate of $96.7 million. Joey Zwillinger, the company’s co-chief executive and co-founder, said Allbirds, which makes shoes from wool and eucalyptus, tried to win over... + full article



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