Allbirds' shares plummet due to wider Q4 loss and soft 2024 ...

Moomoo AI Mar 13, 2024 22:10

Allbirds' shares plummet due to wider Q4 loss and soft 2024 guidance. The shift to a DTC model and closure of 10-15 stores may hurt financial performance. New CEO Joe Vernachio could alter strategic direction.

Allbirds' Loss Widens, Promotions Draw Down Inventory by 51%

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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