Allbirds' P/S ratio is worrisome due to its falling revenue and industry growth expectations. The current ratio indicates investors might be overpaying for the stock, which isn't justified given the revenue forecast. This decline in revenues could negatively affect future share prices.

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.

The CEO of Allbirds, Joey Zwillinger, expressed his excitement about the new appointments, stating that their industry expertise and creativity will add tremendous value as the company focuses on reigniting product and brand in 2024 and beyond.