Shoe Zone lifts FY outlook after better-than-expected May, June sales

(Sharecast News) - Shoe Zone rallied on Thursday after the retailer said it now expects a smaller full-year loss than previously forecast as sales in May and June were ahead of market expectations. In a brief update, the value shoe retailer said this was helped by the company's warehouse closing down sale and favourable seasonal weather at half term.

"As a result of the higher sales, the company's cash position has also improved, with the board continuing to monitor cash management and deployment going forward," it said.

The group now expects an adjusted pre-tax loss of no greater than £1m for the financial year ending 3 October 2026, versus previous guidance for an adjusted loss of between £1m and £2m.

At 1122 BST, the shares were up 10% at 55p.

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