REG - Shoe Zone PLC - Trading Update

Shoe ZoneAnnouncement

02/07/2024 07:00

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RNS Number : 6878U  Shoe Zone PLC  02 July 2024

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 announces that, further to its AGM Statement released on 12 March
2024 it has continued to experience cost pressures associated with container
prices due to a reduction in the supply of shipping vessels and the
continuation of a reroute away from the Suez Canal. As a result, container
prices have risen significantly over the last six months.

Alongside an increase in shipping costs, the Company has experienced weaker
than expected Spring Summer sales from April to June, due to unseasonal
weather conditions.

As a result, the Company now expects adjusted(1) profit before tax for the
financial year ending 2 October 2024 to be not less than £10.0m.

(1) Adjusted to exclude foreign exchange revaluations.

 

For further information please call:

Shoe Zone PLC
                                           Tel: +44 (0)
116 222 3001

Charles Smith (Chairman)

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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