Shoe Zone Shares Plunge as Company Issues New Profit Warning

Tuesday, 2 July 2024, 10:45
Shoe Zone shares took a sharp nosedive, plummeting by 17% after the company issued a fresh profit warning. The company, known for its average retail price of £13 per pair of shoes, has revised its adjusted pre-tax profit forecast for the year to not be lower than £10 million. This development has raised concerns among investors and industry analysts about the financial health and performance of Shoe Zone moving forward.
Daily Mail
Shoe Zone Shares Plunge as Company Issues New Profit Warning

Shoe Zone Shares Plummet 17%

Shoe Zone, a retail company, experienced a significant 17% decline in its shares following the release of a new profit warning.

Profit Forecast Revision

The company now anticipates its adjusted pre-tax profit for the prevailing year to not fall below £10 million.

Investor Concerns

This sudden downturn has sparked worry among stakeholders and market observers about Shoe Zone's financial future.

Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe