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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Shoe Zone - School shoes chain announces three “beats” in successive months

October 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SHOE
  • Price:
  • 182.5p
Retail shares may be under the cosh right now but it’s not all doom and gloom on the high street. One winner is Shoe Zone, which sells cheap but stylish school shoes, workwear, casual shoes and even wellington boots and recently announced that thanks to strong trading through August, driven by demand for summer products and a promising start to key “back to school” lines, combined with ongoing margin improvement means it now expects pretax profit of “not less than £10.5m for the full year ended October 2022.” This is its third upgrade in as many months, with expectations back in June having been for “not less than £8.5m.” Broker Zeus now expects fully diluted eps to increase from 13.5p  in FY’21 to 16.8p this year.Shoe Zone was est ...

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