SHOE Shoe Zone Plc

TIDMSHOE

RNS Number : 7011F

Shoe Zone PLC

12 July 2023

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Shoe Zone plc

("Shoe Zone" or the "Company")

Trading Update

Shoe Zone is pleased to announce that since its last Trading Update on 9 June 2023, the Company has achieved an exceptional month of sales. Trading has significantly exceeded management expectations due to continued strong demand with volumes up double digit on last year, despite no price increases on our core ranges.

Alongside exceptional trading, the Company has also experienced margin improvements due to the lower container rates and favourable foreign exchange rates with management expecting these improved margins to continue for the rest of the financial year.

As a result, the Company now expects adjusted (1) profit before tax for the financial year ending 2 October 2023 to be not less than GBP13.5m.

(1) Adjusted to exclude the profit on the sale of freehold property and foreign exchange revaluations.

For further information please call:

Shoe Zone PLC Tel: +44 (0) 116 222 3000

Anthony Smith (Chief Executive)

Terry Boot (Finance Director)

Zeus (Nominated Adviser and Broker) Tel: +44 (0) 203 829 5000

David Foreman, James Hornigold, Ed Beddows (Investment Banking)

Dominic King (Corporate Broking)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTZZGMNVMVGFZM

(END) Dow Jones Newswires

July 12, 2023 02:00 ET (06:00 GMT)

Shoe Zone (LSE:SHOE)
Historical Stock Chart
Von Nov 2024 bis Dez 2024

Shoe Zone (LSE:SHOE)
Historical Stock Chart
Von Dez 2023 bis Dez 2024