Shoe Zone upgrades annual guidance, citing weather; shares jump

Shoe Zone PLC on Thursday said it was boosted by favourable seasonal weather as it upgraded its annual guidance.

The Leicester, England-based footwear retailer said it raised full-year guidance after stronger-than-expected trading in May and June, helped by a warehouse closing-down sale and favourable half-term weather.

Shoe Zone now expects an adjusted pretax loss of no more than £1.0 million for the current financial year ending October 3, improved from previous guidance for a £1.0 million to £2.0 million loss, and compared to an adjusted pretax profit of £2.4 million in financial 2025.

For the first half of the financial year, Shoe Zone had reported an adjusted pre-tax loss of £5.3 million, widened from £2.6 million a year prior.

Further, the company said its cash position has strengthened following the better sales performance.

Shoe Zone shares jumped 19% to 59.50 pence each on Thursday afternoon in London.

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