Shoe Zone news and archive

Shoe Zone raises profit outlook

Shoe Zone now expects adjusted profit before tax for the financial year ending October 2, 2023 to be not less than 13.5 million pounds. Post its last trading update on June 9, 2023, the company said that it witnessed an exceptional month of sales with trading significantly exceeding management expectations due to continued strong demand with...

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Shoe Zone reports sales increase, profit drops

For the 26 weeks Shoe Zone plc reported pre-tax profit of 1.5 million pounds compared to 3.1 million pounds on reported and adjusted basis in the previous year. In the period under review, the company said in a release, total revenues were 75.4 million pounds versus 69.9 million pounds in the previous year. Store revenues increased by 3.9...

Shoe Zone's sales and profit increase in FY22

In the 52 weeks to October 1, 2022, Shoe Zone’s total revenues were 156.2 million pounds compared to 119.1 million pounds in 2021. The company reported pre-tax profit of 13.6 million pounds for the period compared to 9.5 million pounds last year and 11.2 million pounds against 9.5 million pounds in 2021 on an adjusted basis, with an earnings per...

Business

Shoe Zone's FY22 revenues increase by 31.2 percent

In the 52 weeks to October 1, 2022, revenues at Shoe Zone plc were 156.2 million pounds compared to 119.1 million pounds last year. This represents an increase of 31.2 percent on FY21. The company’s digital revenues decreased by 13.6 percent to 26.4 million pounds and represented 16.9 percent of group revenue. The company said in a release that...

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Shoe Zone ups full-year profit outlook again following strong August trading

British footwear retailer Shoe Zone has upped its profit guidance for the second time in just over a month as it continues to experience better than expected sales. In a brief statement on Wednesday, the company said its trading has “continued to exceed expectations” thanks to “strong demand” for summer and back to school products throughout...

Business

Shoe Zone ups FY profit outlook

UK footwear retailer Shoe Zone has upped its full-year profit guidance following stronger-than-expected trading in recent weeks. It now expects FY22 adjusted profit before tax to be at least 9.5 million pounds, compared to a previous estimate of 8.5 million pounds. In a brief statement Tuesday, the company said: “Shoe Zone is pleased to announce...

Business

Shoe Zone expects to report increase in FY22 pre-tax profit

Since the publication of its interim results in May, Shoe Zone said, the business has been trading well along with strong margin improvements and cost savings due to rent reductions and good supply chain management. The company expects the similar trend to continue into the fourth quarter of the company's financial year for the 52 weeks to...

Business

Shoe Zone swings to profit

For the 26 weeks to April 2, 2022, Shoe Zone Plc reported revenues of 69.9 million pounds with a profit before tax of 3.1 million pounds compared to loss of 2.6 million pounds in the first half period of 2021. The company said in a release that the increase in revenue reflects trading in the stores for the whole of the period with less...

Business

Shoe Zone posts pre-tax profit of 9.5 million pounds

In the 52 weeks to October 2, 2021, total revenues at Shoe Zone plc were 119.1 million pounds compared to 122.6 million pounds in the previous year with a profit before tax of 9.5 million pounds against loss of 14.6 million pounds in 2020. The company said in a statement that digital continues to be a key growth area and traded strongly...

Business

Shoe Zone raises pre-tax profit forecast

Shoe Zone has announced that the company expects reported pre-tax profit to be in the range of 9 million pounds to 10 million pounds for the 52 weeks to October 2, 2021. The company said in a release that underlying trading has been better than expected and alongside the ongoing year-end review process, the company has concluded that it will not...

Business

Shoe Zone's full year revenues drop

In the 52 weeks to October 2, 2021, total revenue at Shoe Zone was 119.1 million pounds compared to 122.6 million pounds in FY20 and 162 million pounds in 2019. The company said in a statement that the result was impacted by the Covid pandemic mainly in the first half of the year as stores were closed for 16 weeks. The company’s digital revenue...

Shoe Zone CEO and chair increase stake in company

Shoe Zone CEO Anthony Smith and chair Charles Smith have snapped up 1.28 million pounds worth of shares in the company. The two executives have acquired a total of 1.6 million ordinary shares of 1p each at a price of 80 pence per share. Sheepy Magna Investments Limited, an investment vehicle in which Charles Smith has a 50 percent interest, has...