Hypermarcas, a Brazilian maker ofmore than 190 consumer goods, slumped to the lowest price in twoyears after cutting its earnings forecast for the second timethis year. Hypermarcas shareshave dropped 66 percent this year, the worst performance on thebenchmark Bovespa index.
Hypermarcas cut its forecast for full-year EBITDA to 700 millionreais (US$400 million), citing lower inventory levels amongclients and the global economic slowdown, according to astatement released today. In August, the company reduced its2011 Ebitda guidance to 900 million reais from more than 1billion reais. “The impact of inventory levels in the company’s resultsthis quarter was bigger than expected, even by the company,”Caue Pinheiro, an analyst at brokerage SLW Corretora, said todayin a telephone interview.