The CEO of footwear brand Allbirds said he is confident of the long-term trajectory despite an 18% drop in first quarter revenues to $32.1 million.

Joe Vernachio said: “We’re pleased to report another quarter of progress against our plans, delivering financial results within or above our expectations. The foundational work we have done over the past year is converging with our key focus areas of Product, Marketing and Customer Experience and positioning us to generate expected topline momentum in the second half of the year. 

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