Lightspeed Commerce (LSPD) said Monday that it is lowering its revenue growth outlook for fiscal 2025 to approximately 18% from previous guidance of approximately 20%.

The company attributed the revised outlook to increased inflationary pressures, job insecurity, and weaker consumer confidence, which it said are hurting consumer discretionary spending.

It also said waning optimism is slowing new business launches, which is impacting its transaction-based and subscription revenue.

Shares of Lightspeed Commerce were up 0.7% in recent premarket activity.