16th May 2023 12:06
Shoe Zone PLC - Leicester, England-based footwear retailer - Posts revenue of GBP75.4 million for the 26 weeks ended on April 1, up 7.9% from GBP69.9 million a year before. Store revenue is up 6.8% to GBP61.1 million from GBP57.2 million, while Digital revenue is up 13% to GBP14.3 million from GBP12.7 million. Pretax profit, however, is down to GBP1.5 million from GBP3.1 million, as administrative expenses rise to GBP9.1 million from GBP7.5 million a year before. Declares an interim dividend of 2.5 pence per share, unchanged from a year prior. Looking ahead, expects full-year results to be in line with market expectations. "Shoe Zone delivered a robust and positive performance in the period against a backdrop of consumer uncertainty and macroeconomic volatility," the firm adds.
Current stock price: 200.00 pence each, down 17% on Tuesday morning in London
12-month change: up 34%
By Xindi Wei, Alliance News reporter
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