Only three months on from a lacklustre set of half-year numbers, Footasylum (FOOT) has disappointed investors yet again. The sportswear retailer has admitted that, due to prolonged promotional activity and heavy discounting, gross margins won’t meet the 43.3 per cent consensus forecast. Analysts at Liberum have taken their forecast figure down from 43 per cent to 42.5 per cent for the year ending February 2019.
IC TIP:
Sell
at
27.6p