Shoe Zone PLC Trading Update (1668C)

TIDMSHOE

RNS Number : 1668C

Shoe Zone PLC

09 June 2023

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain

Shoe Zone plc

("Shoe Zone" or the "Company")

Trading Update

Shoe Zone is pleased to announce that since the publication of its Interim results on 16 May 2023, trading has exceeded expectations due to particularly strong recent trading through May and early June. This is a combination of strong early demand for summer products and lower container rates contributing to improved margins.

As a result, the Company now expects adjusted (1) profit before tax for the financial year ending 2 October 2023 to be not less than GBP10.5m.

(1) Adjusted to exclude the profit on the sale of freehold property and foreign exchange revaluations.

For further information please call:

Shoe Zone PLC Tel: +44 (0) 116 222 3000

Anthony Smith (Chief Executive)

Terry Boot (Finance Director)

Zeus (Nominated Adviser and Broker) Tel: +44 (0) 203 829 5000

David Foreman, James Hornigold, Ed Beddows (Investment Banking)

Dominic King (Corporate Broking)

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June 09, 2023 02:00 ET (06:00 GMT)

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