Ultimate Products’ trading update reveals that retailers continue to become more cautious in response to higher consumer uncertainty: sales have slowed and shifted to lower gross margin product categories and customers, and £4m of orders have been deferred from 4Q25 to 1Q26 with the current order book running at 8% below last year. We have reduced our revenue and EBITDA forecasts in line with revised company guidance and we have cut our EPS (Dil. Adj) by 16% to 7.8p from 9.3p for FY25E, by 56% t ....
