By Michele Maatouk
Date: Friday 09 Jun 2023
LONDON (ShareCast) - (Sharecast News) - Shoe Zone rallied on Friday as it lifted its full-year profit outlook following recent strong trading.
In a brief update, the company said that since its interim results on 16 May, its performance has exceeded expectations "due to particularly strong recent trading through May and early June".
A combination of strong early demand for summer products and lower container rates contributed to improved margins, Shoe Zone said.
As a result, it now expects adjusted pre-tax profit of "not less than" £10.5m for the year ending 2 October 2023.
At 1125 BST, the shares were ahead 12% at 236p.
Email this article to a friend
or share it with one of these popular networks:
| Currency | UK Pounds |
| Share Price | 72.50p |
| Change Today | 0.000p |
| % Change | 0.00 % |
| 52 Week High | 138.50p |
| 52 Week Low | 66.60p |
| Volume | 0 |
| Shares Issued | 46.25m |
| Market Cap | £33.53m |
| RiskGrade | 393 |
| Value |
|
|---|
| Price Trend |
|
|---|
| Income |
|
|---|
| Growth |
|
|---|
| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 11-Jul-24 | 14-Mar-24 |
| Paid | 14-Aug-24 | 02-Apr-24 |
| Amount | 2.50p | 8.90p |
| Chair | John Charles Smith |
| Finance Director | Terry Boot |
You are here: research