business / news / / The Economic Times
Shopify anticipates second-quarter sales and profit to align with analyst forecasts.
Shopify's second-quarter outlook signals slower demand due to Middle East conflict-driven cost increases.
KEY POINTS
- U.S.-listed Shopify shares fell over 5% in premarket trading after the tepid outlook announcement.
- Shopify expects Q2 revenue and gross profit growth in the high- and mid-twenties percent range, respectively.
- Recent surges in costs have forced many Shopify client retailers to tighten spending and seek alternative supply routes.
COMPANIES
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