Ongoing elevated container freight costs due to a reduced supply of shipping vessels and the rerouting of trade to avoid conflict in the Suez Canal, combined with unseasonably poor weather conditions and weaker than anticipated Spring Summer sales, means Shoe Zone now expects to report adj. PBT of not less than £10m, against our prior forecast for £13.8m.
02 Jul 2024
Shoe Zone plc (SHOE LN) - Trading update
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Shoe Zone plc (SHOE LN) - Trading update
Shoe Zone PLC (SHOE:LON) | 135 0 0.0% | Mkt Cap: 62.4m
- Published:
02 Jul 2024 -
Author:
Rachel Birkett, CFA -
Pages:
9
Ongoing elevated container freight costs due to a reduced supply of shipping vessels and the rerouting of trade to avoid conflict in the Suez Canal, combined with unseasonably poor weather conditions and weaker than anticipated Spring Summer sales, means Shoe Zone now expects to report adj. PBT of not less than £10m, against our prior forecast for £13.8m.