By

Reuters

Published

November 7, 2025

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 retails a wide range of men's and women's footwearCCC retails a wide range of men’s and women’s footwear – Reuters

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 conditions for footwear sales for most of the year.

“We recorded weak sales dynamics in September, which was an exceptionally warm month, and social anxiety related to the geopolitical situation also intensified at that time,” CCC’s chief executive Dariusz Milek said in a press release.

The company also pointed to higher one-off costs from its faster-than-planned retail expansion and delays in new store openings, which shortened the period they could contribute to sales.

CCC reported preliminary third-quarter revenue of 2.97 billion zlotys, below the 3.03 billion zlotys forecast in a Reuters poll. Its core profit of 404 million zlotys also fell short of analysts’ expectations of 483 million zlotys.
 

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