By Katherine Hamilton

SPS Commerce shares slid after the software-as-a-service company cut its sales outlook.

The stock dropped 25% to $77.72 in after-hours trading, hitting what would be a 52-week low. Through the close Thursday, shares had lost 44% of their value this year.

SPS, which serves the retail industry, now expects revenue to be $751.6 million to $753.6 million in the full year, down from prior guidance of $759 million to $763 million.

The lower guidance comes after SPS recorded $189.9 million in third-quarter revenue, which was below the $192.7 million analysts were looking for, according to FactSet.

Chief Executive Chad Collins noted trade and economic uncertainty, as well as budget-conscious behavior from consumers.

SPS separately authorized the repurchase of up to $100 million of common stock, which expires in December 2027. SPS plans to finance the buyback with cash on hand.

SPS also appointed Eduardo Rosini as chief commercial officer, effective Dec. 1. Rosini previously worked as chief growth officer at Sage. Rosini will be taking the place of Chief Revenue Officer Dan Juckniess, who is retiring at the end of December.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

October 30, 2025 18:42 ET (22:42 GMT)

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