16th Jul 2026 13:35
(Alliance News) - Shoe Zone PLC on Thursday said it was boosted by favourable seasonal weather as it upgraded its annual guidance.
The Leicester, England-based footwear retailer said it raised full-year guidance after stronger-than-expected trading in May and June, helped by a warehouse closing-down sale and favourable half-term weather.
Shoe Zone now expects an adjusted pretax loss of no more than GBP1.0 million for the current financial year ending October 3, improved from previous guidance for a GBP1.0 million to GBP2.0 million loss, and compared to an adjusted pretax profit of GBP2.4 million in financial 2025.
For the first half of the financial year, Shoe Zone had reported an adjusted pre-tax loss of GBP5.3 million, widened from GBP2.6 million a year prior.
Further, the company said its cash position has strengthened following the better sales performance.
Shoe Zone shares jumped 19% to 59.50 pence each on Thursday afternoon in London.
By Tom Budszus, Alliance News slot editor
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