Shoe Zone continues to outpace expectations
31/08/2022
On each occasion, Shoe Zone increased its expectations for full-year adjusted profit before tax by £1 million (approximately $1.2 million). As of the end of August, the Leicester-based business expected adjusted profit before tax for the fiscal year ending October 2, 2022, to be not less than £10.5 million or just under $12.2 million.
Shoe Zone attributed the strength of its trading over this past month to continued demand for summer and back-to-school footwear.
The firm last published financial results back in May. At the time, it said that revenues for the six-month period ended April 2 had grown by 73% year on year to reach £69.9 million ($81.2 million).
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