Allbirds tanks 30% as sales miss, outlook cut
Allbirds plunged nearly 30% to a yearly low after Q2 sales fell 23%, missing forecasts, and the company cut its 2025 revenue outlook to $165-$180 million. Retail sentiment stayed bearish as shares erased gains since March. Once a cult favorite, Allbirds has lost 99% of its value since its 2021 IPO debut.