REG - Shoe Zone PLC - Trading Update

Shoe ZoneAnnouncement

12/07/2023 07:00

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RNS Number : 7011F  Shoe Zone PLC  12 July 2023

The information contained within this announcement is deemed to constitute
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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 £13.5m.

(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)

 

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