Reported 2 days ago
Lightspeed Commerce Inc. has revised its revenue outlook for fiscal 2025 down to 18% growth from 20% due to sluggish consumer spending, particularly in the restaurant and retail sectors. The Montreal-based company's CEO, Dax Dasilva, cited increased inflation, job insecurity, and weakened consumer confidence as contributing factors. Consequently, Lightspeed's shares dropped by 3.6%, marking their lowest point since April 2020.
Source: YAHOO