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Shoe Zone bucks high street trend with record-breaking £11m profit

Jan 10, 2019 - City A.M.

SHARES in discount retailer Shoe Zone closed up more than 12 per cent yesterday on the news that the group had secured its highest profit since it floated in 2014.

Profit before tax increased 18.4 per cent to £11.3m for the year to the end of September, up from £9.5m in 2017, and revenue increased 1.8 per cent from £157.8m to £160.6m last year.

Cashflow grew 7.2 per cent to £15m while the firm's balance sheet remains debt free. Earnings per share were up 20.7 per cent to 19p and...