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IN BRIEF: Shoe Zone shares up despite annual profit expected to drop

9th Jun 2023 10:18

Shoe Zone PLC - Leicester, England-based footwear retailer - Says trading has exceeded expectations due to "strong" recent trading through May and early June. Says it is a combination of strong early demand for summer products and lower container rates contributing to improved margins. As a result, expects adjusted pretax profit for financial year ending on October 2 to be not less than GBP10.5 million. For financial 2022, pretax profit was GBP13.6 million. Revenue was GBP156.2 million.

Current stock price: 228.55 pence each, up 8.8% on Friday morning in London

12-month change: up 43%

By Xindi Wei, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


Related Shares:

Shoe Zone
FTSE 100 Latest
Value8,809.74
Change53.53