UK off-price shoe retailer Shoe Zone reported that sales over the last two months of May and June came in ahead of market expectations. The company said the better-than-expected performance “was aided by the company’s warehouse closing down sale and favorable seasonal weather at half term.”
As a result of the higher sales, the company’s cash position has also improved, with the Board reporting it “continues to monitor cash management and deployment going forward.”
Accordingly, the Board now expects an adjusted loss before tax of no greater than £1.0 million for the financial year ending October 3, 2026, an improvement on the previous guidance of an adjusted loss before tax in the range of £1.0 million to £2.0 million announced on April 22.
Image courtesy Shoe Zone
