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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.

Will Mace Mon, 13 Mar 2023

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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Will Mace Mon, 13 Mar 2023
Contact the Writer: william@nbr.co.nz
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Allbirds shares slump on poor result, CFO to depart
Investment,
98166
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