SHOE ZONE PLC — Earnings Release 2014

Oct 22, 2014

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RNS Number : 9246U

Shoe Zone PLC

22 October 2014

22nd October 2014

Shoe Zone PLC

Pre-close Trading Update

Shoe Zone PLC ("Shoe Zone" or the "Group"), the UK's largest value footwear retailer, provides the following update on trading for the 52 weeks ended 4th October 2014, prior to entering its close period.

Revenues for the year are expected to be approximately £172.5 million (2013: £193.9 million), in line with previous guidance, reflecting 17 new openings and the planned closures of a number of temporary stores.  The Board expects pre-tax profit for the period to be in line with market expectations, however the net cash position will be significantly ahead of market expectations at approximately £8.5 million.

There have been no significant unexpected changes in the financial position of the Group since the publication of the Interim Report for the half-year ended 5th April 2014.

The Board expects to announce final results for the year on Wednesday 14th January 2015.

Anthony Smith, Chief Executive Officer of Shoe Zone, said:

"We are delighted to report our profit will be in line with expectations having had the best August in the Group's history followed by a slow September, with a late start to the boot season.  I am pleased to report that the boot season is now in full swing and the first two weeks of the new financial year have been good.

On behalf of the Board, I would like to thank all of our staff for their continued hard work and for ensuring a successful transition from a private to a public company."

For further information please call:

Shoe Zone plc	Tel: +44 (0) 116 222 3000
Anthony Smith (CEO)
Charles Smith (COO) Nick Davis (CFO)
Numis Securities Limited (Nominated Adviser & Broker)	Tel: +44 (0) 20 7260 1000
Oliver Cardigan
Mark Lander
Huw Jeremy
FTI Consulting (Financial PR)	Tel: +44 (0) 20 3727 1000
Jonathon Brill
Alex Beagley Eleanor Purdon

This information is provided by RNS

The company news service from the London Stock Exchange

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