MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


ShoeZone shares up as annual revenue and profit rise

ALN

Shoe Zone PLC on Tuesday posted improved annual earnings for the year that ended October 1.

Shares in the footwear retailer were up 7.3% at 220.00 pence each on Tuesday morning in London.

Revenue rose 31% to £156.2 million from £119.1 million. In particular, store revenue increased 47% to £129.8 million from £88.6 million the year before.

Pretax profit climbed 43% to £13.6 million from £9.5 million, as profit from operations rose to £14.7 million from £11.0 million the year before.

‘Shoe Zone had a very positive year due to trading for the full 52 weeks, strong trading over our key back to school period and due to the incredible hard work from our teams. These increases are primarily due to the increased revenue and resultant gross profit generated in a normalised trading period post pandemic’, it explains.

It declared a final dividend of 3.3 pence per share, compared to none the year prior. Shoe Zone also declared a 8.2p special dividend.

Shoe Zone further said it started a share buy-back programme, buying back 955,813 shares for £1.7 million cash.

Looking ahead, the company said it continues to ‘accelerate our store refit and relocation programme and to drive our digital strategy on the back of these solid set of results’.

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.