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An announcement from Shoe Zone ( (GB:SHOE) ) is now available.
Shoe Zone has reported challenging trading conditions due to reduced consumer confidence and unseasonal weather, which have negatively impacted revenue and profits. The recent UK government budget has further strained the company with increased costs from National Insurance and National Living Wage hikes, leading to planned store closures and a revised profit forecast of at least £5.0 million for FY2025, down from £10.0 million. Consequently, Shoe Zone will not pay a final dividend for FY2024.
More about Shoe Zone
Shoe Zone is a UK-based footwear retailer operating 297 stores, offering low-priced, high-quality footwear for families. The company has a diverse store portfolio, including high street and larger format stores, and a strong online presence, selling well-known brands like Skechers and Hush Puppies. With approximately 2,250 employees, Shoe Zone sells around 13.9 million pairs of shoes annually.
YTD Price Performance: -38.57%
Average Trading Volume: 31,443
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £63.56M
Find detailed analytics on SHOE stock on TipRanks’ Stock Analysis page.
