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Footwear group RCG Corp, owner of Hype DC and The Athlete's Foot, has issued its second profit downgrade in three months.

RCG Group has cut its full-year profit guidance by 11% after week sales continued into March and April.

The Group now expects underlying earnings before interest, tax, depreciation and amortisation for the year to hit between $74 million and $80 million.

This follows an earlier guidance cut in February from $99 million to $85 million - $88 million.

The first cut come after declining sales at Hype DC and and slowing growth in the group's Accent division.

The latest cut was issued after subdued sales in key brands such as Doc Martens and Vans.

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