UK's Shoe Zone rises after sales beat expectations, narrows full-year loss guidance
16/07/2026 09:08
BUZZ-UK's Shoe Zone rises after sales beat expectations, narrows full-year loss guidance ** Shares of Shoe Zone SHOE.L up 15% to 57.5p
** Footwear retailer says May and June sales came in ahead of market expectations, aided by warehouse closing down sale and favourable seasonal weather
** Now expects adj loss before tax of no greater than £1.0 mln ($1.35 mln) for FY2026, improved from previous guidance of £1.0-2.0 mln loss
** Including session gains, SHOE down about 12.22% YTD
($1 = 0.7389 pounds)
(Reporting by Jahanvi Kothari)