Allbirds Inc. stock fell 18% in the extended session Thursday after the apparel company reported a wider fourth-quarter loss and said it was embarking on a...
Allbirds Inc.
stock fell 18% in the extended session Thursday after the apparel company reported a wider fourth-quarter loss and said it was embarking on a “strategic transformation plan to reignite growth,” improve costs and capital efficiency, and turn a profit. Allbirds lost $24.9 million, or 17 cents a share, compared with $10.4 million, or 9 cents a share, in the year-ago period. Revenue dropped 13% to $84.2 million, Allbirds said.
stock fell 18% in the extended session Thursday after the apparel company reported a wider fourth-quarter loss and said it was embarking on a “strategic transformation plan to reignite growth,” improve costs and capital efficiency, and turn a profit. Allbirds lost $24.9 million, or 17 cents a share, compared with $10.4 million, or 9 cents a share, in the year-ago period. Revenue dropped 13% to $84.2 million, Allbirds said.
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