Lightspeed Commerce Inc (TSX:LSDP, NYSE:LSDP) shares moved lower after the Montreal-based commerce platform trimmed its full-year revenue outlook.
The company said that since reporting its Q3 fiscal 2025 results on February 6 that macroeconomic conditions have deteriorated.
This was attributed to heightened inflationary pressures, increased job insecurity, and weakened consumer confidence, impacting discretionary spending among consumers and leading to a decline in same-store sales in February and March.
In turn, Lightspeed said it has seen pressure on transaction-based revenue and, to a lesser extent, subscription revenue.
The company now expects year-over-year revenue growth of 18%, down from its earlier projection of 20%.
It continues to expect adjusted EBITDA of over $53 million for fiscal 2025.
Lightspeed Commerce’s Toronto-listed shares fell 4.3% on Monday while its New York shares lost around 5.2%.