_shopify-stock-plummets-19-as-slower-sales-growth-forecasted-for-q2shopify-drops-19.jpg "Shopify Stock Plummets 19% as Slower Sales Growth Forecasted for Q2Shopify Drops 19% from consumer beverage coupons Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:37
👁 View: 1.2M times
✓ Published: 10-May-2024
👁 View: 1.2M times
✓ Published: 10-May-2024
Description:
Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.
Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_the-best-ways-to-find-food-coupons.webp "Inside Edition")
_qantas-reaches-settlement-over-cancelled-flights.webp "Qantas has reached an agreement with the Australian Competition and Consumer Commission to settle a lawsuit against the airline for selling seats on flights that had already been cancelled. Under the settlement, Qantas will institute a remediation program for affected customers.")
_consumers-shop-for-cheaper-brands-and-knockoffs-amid-inflation.webp "TODAY")
_get-80-discounts-on-beverages.webp "Rodfin Lington")
_an-overview-of-the-direct-to-consumer-market-for-spirits.webp "Park Street University")
_chickpea-salad-124124-juicing124124-watermelon-harvest.webp "Plantbased Beauty Helen H")
_how-counterfeit-rolexes-are-produced-and-distributed-according-to-an-investigator.webp "Rob Holmes is a private investigator. He works with major luxury-watch brands to track down fakes and stop them from getting to market.<br/><br/>Holmes speaks with Business Insider about how counterfeits are made in factories overseas. He gives details about how fake luxury goods are trafficked into the United States and distributed to consumers, tells us how the counterfeit industry has evolved with the rise of a new generation of \")
_i39ve-gotten-myself-into-a-sticky-situation.webp "Millennial Farmer")
_the-best-ways-to-find-food-coupons.jpg)
_qantas-reaches-settlement-over-cancelled-flights.jpg)
_consumers-shop-for-cheaper-brands-and-knockoffs-amid-inflation.jpg)
_get-80-discounts-on-beverages.jpg)
_an-overview-of-the-direct-to-consumer-market-for-spirits.jpg)
_chickpea-salad-124124-juicing124124-watermelon-harvest.jpg)
_how-counterfeit-rolexes-are-produced-and-distributed-according-to-an-investigator.jpg)
_i39ve-gotten-myself-into-a-sticky-situation.jpg)
![[+]](/images/menu.gif){kind=small}