Editor
Allbirds’ revenue dropped 28 percent year over year to $39 million in the first quarter of the year as demand for its sneakers remains weak, the company reported on Wednesday.
It’s anticipating further sales slumps this year. The company’s revenue will likely drop as much as 25 percent year over year to $190 million in 2024.
The continued slowdown is to be expected for Allbirds amid a years-long plan to return to growth by 2025. But time…
