_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 tx maxx sale 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
Related Videos
_build-a-reselling-empire-with-just-200-t-k-maxx-edition.webp "Flipping Sloth")
_mavericks-seek-redemption-in-game-two-against-thunder.webp "Mavericks Seek Redemption in Game Two Against Thunder from tx maxx sale")
_come-shopping-with-me-124-charity-shops-124-tk-maxx-124-poundland-124-come-thrifting-124-kate-mccabe-june-2023.webp "Kate McCabe")
Come Shopping With Me | Charity Shops | TK Maxx | Poundland | Come Thrifting | Kate McCabe June 2023
⏲ 25 minutes 57 seconds 👁 8.3K
_what39s-new-at-tk-maxx-spring-for-2024-124-juicy-couture-bags-amp-more.webp "Holly Vlogs")
_thrifting-at-the-uks-largest-t-k-maxx-haul-unreal-finds.webp "James Edward")
_secret-codes-124-not-real-designer-tkmaxx-tjmaxx.webp "MODESTSISTERZ")
_nba-playoffs-analysis-thunder-vs-mavericks-game-2-preview.webp "NBA Playoffs Analysis: Thunder vs Mavericks Game 2 Preview from tx maxx sale")
_burberry-for-50-found-at-tk-maxx-124-luxury-shopping-124-retail-arbitrage-uk-124-come-thrifting.webp "The Luxury Pickers")
⏲ 21 minutes 46 seconds 👁 3.3K
_build-a-reselling-empire-with-just-200-t-k-maxx-edition.jpg)
_mavericks-seek-redemption-in-game-two-against-thunder.jpg)
_come-shopping-with-me-124-charity-shops-124-tk-maxx-124-poundland-124-come-thrifting-124-kate-mccabe-june-2023.jpg)
_what39s-new-at-tk-maxx-spring-for-2024-124-juicy-couture-bags-amp-more.jpg)
_thrifting-at-the-uks-largest-t-k-maxx-haul-unreal-finds.jpg)
_secret-codes-124-not-real-designer-tkmaxx-tjmaxx.jpg)
_nba-playoffs-analysis-thunder-vs-mavericks-game-2-preview.jpg)
_burberry-for-50-found-at-tk-maxx-124-luxury-shopping-124-retail-arbitrage-uk-124-come-thrifting.jpg)
![[+]](/images/menu.gif){kind=small}