Walker Greenbank downgraded its annual profit guidance after UK sales, excluding at Clarke & Clarke, weakened significantly.
The company now expects full-year profits to be around 10% lower than its previous expectations.
"Whilst the UK remains Walker Greenbank's largest market, the board is focused on driving the company's international business, where brand sales are ahead of the same period last year," it said.
"Licensing income continues to grow strongly and the board expects full year licensing income to be up approximately 15% on a like-for-like basis, in line with its expectations."
At 9:50am: (LON:WGB) Walker Greenbank PLC share price was -53p at 157.5p