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Investing.com -- Polish footwear retailer CCC saw its shares drop 5% after reporting disappointing preliminary third-quarter results and significantly lowering its full-year guidance.
The company announced preliminary figures for the August-October 2025 period, with sales reaching PLN 2,966 million, falling 1.3% short of PAP consensus expectations. EBITDA came in at PLN 404 million, representing a substantial decline from PLN 479 million in the same period last year and missing consensus estimates of PLN 470 million by 14.1%.
The EBITDA margin contracted to 13.6%, well below the anticipated 15.6%.
In its core CCC segment, sales increased by 5% year-over-year, but segment gross margin deteriorated significantly to 53.5% compared to 58.6% a year ago. The segment’s EBITDA margin also declined sharply to 16.3% from 22.7% in the prior year.
The HalfPrice segment showed stronger sales growth of 25% year-over-year, though its gross margin decreased to 50.0% from 51.4%, while EBITDA margin fell more dramatically to 13.6% from 21.5% a year ago.
Modivo segment sales grew by just 1% year-over-year with gross margin declining to 39.5% from 42.9%. Modivo’s EBITDA margin remained stable at 9.6%, supported by lower operating expenses.
Following these results, CCC issued a profit warning, cutting its fiscal year 2025 sales guidance to PLN 11.3-11.5 billion from the previous target of PLN 12+ billion. More significantly, the company reduced its EBITDA guidance to PLN 1.7-1.8 billion (15.3% margin) from PLN 2.4 billion (20% margin).
While the market had anticipated some reduction in EBITDA guidance, the revised mid-point is approximately 12.5% below the VisibleAlpha consensus estimate of PLN 2.0 billion.
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