Allbirds blames lower than expected revenue on China, Ukraine headwinds

Allbirds co-founder and co-CEO Joey Zwillinger told investors on Tuesday the eco-friendly shoe brand is lowering its year-end revenue guidance range by about $20 million after hits to its international business from war in Ukraine and China's latest Covid-19 lockdown. Reporting earnings after market close, Zwillinger said Russia's invasion of Ukraine hurt consumer spending due to the "impact of inflation on the psyche of the European consumer" and on petroleum prices, while Covid-19 restrictions…