Polish footwear and fashion retailer CCC lowered its annual forecasts after its preliminary third-quarter results missed market expectations, sending its shares down 8.5% in early trading on Friday.

CCC, which runs a chain of shoe stores under its main brand and also owns online fashion store Modivo and off-price retailer HalfPrice, forecast 2025 revenue in a range of 11.3 billion to 11.5 billion zlotys ($3.11 billion to $3.16 billion), after previously guiding for more than 12 billion zlotys.

It also cut its forecast for earnings before interest, taxes, depreciation, and amortisation to between 1.7 billion and 1.8 billion zlotys, from a prior estimate of 2.4 billion zlotys. The company blamed the outlook revision on a "challenging business environment", highlighting unfavourable weather

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