Podcasts Other The Mike Hosking Breakfast Tim Brown: Allbirds co-founder remains firm that the company will bounce back despite diving share prices

Tim Brown: Allbirds co-founder remains firm that the company will bounce back despite diving share prices

Published: Nov. 22, 2023, 9:06 p.m.

Allbirds co-founder Tim Brown remains bullish he can steady the ship.\xa0

The company's shares dived to a new low of US-80 cents in post-market trading earlier this month, a long way from its $26.03 high after its debut two years ago.\xa0

It also forecasts its Christmas revenue will be around 15 to 22% percent lower than the same time last year.\xa0

But Brown told Mike Hosking that their idea has been resilient for so long, and it will soon pay dividends.\xa0

He says their focus on sustainability and natural materials is part of where the world's going, and there's some extraordinary opportunities to come.\xa0

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