Shares in consumer group Supreme have been slashed by more than 30% after it issued warnings on its future sales and profits.
The Manchester-headquartered company said it expects to "deliver another solid, profitable year" during its new financial period but that its revenue and EBITDA are set to be below previous levels and market expectations.
The listed business said the fall will be driven by "a recent marked decline in the lighting category following a slow-down in sales compounded by customer overstocking in FY22".
