Shoe Zone PLC Further Trading Update (7949Q)
01 Noviembre 2021 - 1:00AM
UK Regulatory
TIDMSHOE
RNS Number : 7949Q
Shoe Zone PLC
01 November 2021
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. It forms part of United Kingdom
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Upon the publication of this announcement, this inside information
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Shoe Zone plc
("Shoe Zone" or the "Company")
Further Trading Update
Shoe Zone is pleased to announce, that further to their Full
Year Trading Update announced on 13 October 2021, that reported
profit before tax is now expected to be in the range of GBP9.0m to
GBP10.0m for the 52 weeks to 2 October 2021 ("13 October
Announcement").
Underlying trading has been better than expected and alongside
the ongoing year-end review process, the Company has concluded that
it will not be required to recognise approximately GBP1.5m of one
off additional pension contributions within its income statement (a
non-trading entry). This adjustment has led to an increase in
expected profit before tax for the full year. The Company has also
benefitted from favourable foreign exchange rates, particularly
versus the dollar, which adds a further revaluation benefit of
approximately GBP0.4m from the previous forecast.
The Company is still undergoing the audit review process and
expects to announce final audited figures for the 52 weeks to 2
October 2021 in January 2022.
For further information please call:
Shoe Zone PLC Tel: +44 (0) 116 222 3000
Anthony Smith (Chief Executive)
Terry Boot (Finance Director)
Zeus Capital (Nominated Advisor and Broker) Tel: +44 (0) 203 829
5000
Daniel Harris, James Hornigold (Corporate Finance)
Dominic King (Corporate Broking)
About Shoe Zone
Shoe Zone is a Town Centre, Retail Park and Digital footwear
retailer, offering low price and high quality footwear for the
whole family.
Shoe Zone operates from a portfolio of 410 stores and has
approximately 2,850 employees across the UK.
The store portfolio consists of 343 high street stores
containing the core Shoe Zone product range and 16 hybrid high
street stores and 51 larger Retail Park stores which also have
additional brands such as Skechers, Hush Puppies and Kickers.
Shoezone.com, combined with the store network, ensures a full
multi-channel offering for great customer service.
During an average year Shoe Zone sells 17 million pairs of shoes
per annum at an average retail price of GBP10.47.
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END
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