Shoe Zone (SHOE)

Sector:

Retailers

Index:

FTSE AIM All-Share

228.62p
   
  • Change Today:
      3.62p
  • 52 Week High: 285.00
  • 52 Week Low: 207.50
  • Currency: UK Pounds
  • Shares Issued: 46.25m
  • Volume: 32,486
  • Market Cap: £105.74m
  • RiskGrade: 393

Shoe Zone posts record profit, announces special dividend

By Michele Maatouk

Date: Wednesday 09 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Value footwear retailer Shoe Zone reported a jump in full-year sales and profit on Wednesday and announced a special dividend despite a challenging backdrop.
In its preliminary results for the year to 29 September 2018, the company said statutory pre-tax profit increased 18.4% to £11.3m - its highest annual performance since its IPO in 2014 - on revenue of £160.6m, up 1.8% from the year before.

Earnings per share were up 20.7% to 19p and the group lifted its proposed final dividend by 17.6% to 8p a share. The total dividend was boosted by 91.2% to 19.5p per share. Shoe Zone also announced a special dividend of 8p per share, as it returns £4m of surplus cash to shareholders.

Digital revenue in the year was up 19.9% to £9.8m and contributed £2.6m to profit, versus a £2m contribution in 2017.

Shoe Zone said it continued to focus on the Big Box format, ending the year with 19 Big Box stores which contributed £7.1m sales and a further 20 stores targeted in 2019.

Chief executive Nick Davis said: "I am pleased to report that 2018 has been another successful year for Shoe Zone with the group delivering a record profit before tax since IPO driven from a strong performance throughout the business while operating in a challenging consumer environment.

"This positive performance is testament to the strength of the core business model and the effective focus on growing the Big Box and Digital channels. As a result of the strong performance, the board is pleased to again return excess cash to shareholders by way of special dividend.

"We continue to make good progress against our strategic objectives and the board remains positive about the outlook for the group. We are incredibly proud of all of our team's effort in delivering this progress and would like to thank them for all of their hard work."

At 1150 GMT, the shares were up 10% to 197.52p.

Paul Hickman, analyst at Edison Investment Research, said: "Nobody told Shoe Zone that there's a retail crisis.



"Current trading is ahead of previous expectations, which in addition to the earnings beat, signals upgrades."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Shoe Zone Market Data

Currency UK Pounds
Share Price 228.62p
Change Today 3.62p
% Change 1.61 %
52 Week High 285.00
52 Week Low 207.50
Volume 32,486
Shares Issued 46.25m
Market Cap £105.74m
RiskGrade 393

Shoe Zone Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.98% below the market average16.98% below the market average16.98% below the market average16.98% below the market average16.98% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Price Trend
52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average
70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average70.73% above the sector average
Income
61.62% above the market average61.62% above the market average61.62% above the market average61.62% above the market average61.62% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
32.20% above the market average32.20% above the market average32.20% above the market average32.20% above the market average32.20% above the market average
45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average

Shoe Zone Dividends

  Latest Previous
  Final Special
Ex-Div 14-Mar-24 14-Mar-24
Paid 02-Apr-24 02-Apr-24
Amount 8.90p 6.00p

Trades for 28-Mar-2024

Time Volume / Share Price
10:02 627 @ 224.48p
09:45 129 @ 226.50p
09:42 10,000 @ 227.00p
08:57 8 @ 226.90p
08:36 10,000 @ 224.26p

Shoe Zone Key Personnel

CEO Anthony Edward Pennington Smith
Chair John Charles Smith
Finance Director Terry Boot

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