Shoe Zone PLC Trading Update (1668C)
June 09 2023 - 2:00AM
UK Regulatory
TIDMSHOE
RNS Number : 1668C
Shoe Zone PLC
09 June 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 the publication of
its Interim results on 16 May 2023, trading has exceeded
expectations due to particularly strong recent trading through May
and early June. This is a combination of strong early demand for
summer products and lower container rates contributing to improved
margins.
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 GBP10.5m.
(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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END
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