Shoe Zone (SHOE)

Sector:

Retailers

Index:

FTSE AIM All-Share

152.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 285.00
  • 52 Week Low: 135.00
  • Currency: UK Pounds
  • Shares Issued: 46.25m
  • Volume: 9,905
  • Market Cap: £70.53m
  • RiskGrade: 393

Shoe Zone cuts full-year profit outlook, shares slide

By Michele Maatouk

Date: Tuesday 21 May 2024

LONDON (ShareCast) - (Sharecast News) - Shoe Zone cut its full-year pre-tax profit forecast on Tuesday due to higher wage bills and supply chain disruptions, as it reported flat interim profits.
In the 26 weeks to 30 March, adjusted pre-tax profit was steady at £2.5m, while revenue ticked up 1.5% to £76.5m.

Store revenue fell 2.8% to £59.4m but digital revenue rose 19.6% to £17.1m.

Shoe Zone noted that during the half, it was trading out of 27 fewer stores compared to 12 months earlier.

The discount shoe retailer cut its full-year pre-tax profit forecast to £13.8m from £15.2m.

"At the point at which the original forecast was prepared the consensus was that the National Living Wage would increase to £11.08, but when announced, the increase was to £11.44 which adds £0.4m of cost in our second half," it explained.

"The continuing disruption in the Middle East has increased shipping times and container prices which adds a minimum of £0.5m of cost and due to the large number of stores we have closed, particularly in Scotland, we have provided for an additional £0.5m of dilapidations."

At 1135 BST, the shares were down 6.8% at 172.40p.

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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 152.50p
Change Today 2.50p
% Change 1.67 %
52 Week High 285.00
52 Week Low 135.00
Volume 9,905
Shares Issued 46.25m
Market Cap £70.53m
RiskGrade 393

Shoe Zone Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.91% above the market average72.91% above the market average72.91% above the market average72.91% above the market average72.91% above the market average
95.12% above the sector average95.12% above the sector average95.12% above the sector average95.12% above the sector average95.12% above the sector average
Price Trend
62.91% below the market average62.91% below the market average62.91% below the market average62.91% below the market average62.91% below the market average
70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average
Income
95.69% above the market average95.69% above the market average95.69% above the market average95.69% above the market average95.69% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
48.32% above the market average48.32% above the market average48.32% above the market average48.32% above the market average48.32% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average

Shoe Zone Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Jul-24 14-Mar-24
Paid 14-Aug-24 02-Apr-24
Amount 2.50p 8.90p

Trades for 18-Jul-2024

Time Volume / Share Price
16:25 12 @ 152.90p
15:31 322 @ 152.90p
14:53 973 @ 153.00p
13:57 3,000 @ 150.50p
12:56 2,000 @ 150.50p

Shoe Zone Key Personnel

Chair John Charles Smith
Finance Director Terry Boot

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