Hornby shares slump as sales ‘behind budget’ amid cost-of-living pressure

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Model train maker Hornby has warned that sales are “behind budget” due to pressure on consumer finances amid rocketing living costs. The firm added: “We remain cautious in our outlook for the full year and beyond due to a high level of uncertainty around the impact of several factors on our sales, such as inflation and mortgage costs for consumers, but with employment expected to remain high we are hopeful that the confidence in consumer spending remains.” Sales at Hornby continue to grow with a stream of new products in the pipeline. Lyndon Davies Hornby highlighted that group sales over the third quarter were ahead of the same period last year. Lyndon Davies, executive chairman, said: “Sales at Hornby continue to grow with a stream of new products in the pipeline.