Allbirds Inc. shares dropped 16% after lowering yearly guidance. Q2 revenue fell to $39.7 million, with a $15.5 million net loss. Decrease attributed to store closures, distributor transitions. Gross margin declined due to promotional activity, inventory adjustments, and increased costs. CEO optimistic about fall initiatives. Revenue guidance lowered to $165-180 million for 2025. Q3 forecasted revenue: $33-38 million.

Read more at Yahoo Finance: Allbirds Stock Sinks as Company Lowers Yearly Guidance