Shoe Zone (GB:SHOE) has released an update.
Shoe Zone PLC reported a 1.5% revenue increase to £76.5m in the first half of 2024, with digital sales surging by 19.6%, despite operating from fewer stores. Profits before tax rose to £2.6m, up from £1.5m in the previous year, while the interim dividend remained steady at 2.5p per share. The company is continuing its store refit and relocation strategy, aiming for a portfolio of 300 new format stores and has adjusted its full-year profit forecast to £13.8m due to operational cost increases.
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