Tandem Group PLC (AIM:TND) slumped by a quarter as it warned poor sales of toys and garden products would mean results this year being well behind forecasts.
Bike sales are going well, especially electric two-wheelers, but this has not been able to offset destocking by toy retailers in the run-up to Christmas.
Homes and Garden meanwhile has been hit by the unpredictable weather so far this year.
Tandem now expects revenues in the year to end December 2023 to be between £22 million and £23 million, subject to orders being shipped in time for the Christmas period.
Losses are forecast at between £0.9 million to £1.3 million but again dependent on shipping.
Shares tumbled 25% at 107.5p.