Sports Direct lowers earnings outlookpublished at 08:54 Greenwich Mean Time 23 March 2016
The sportswear retailer issued a statement, external after its shares dived yesterday following comments from founder and deputy chairman Mike Ashley.
Mr Ashley, who also owns Newcastle United, was quoted by The Times, external as saying "we can't make the same profit we made last year".
He also said: "We are in trouble, we are not trading very well."
Sports Direct's shares fell more than 10% yesterday following the comments.
In a short statement today, Sports Direct said it now estimated that underlying earnings for the full year to the end of April 2016 "are at or around the bottom of the range announced on 8 January 2016", which was between £380m and £420m.