Shoe Zone (GB:SHOE) has released an update.
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Shoe Zone has reported a 2.7% decline in revenue to £161.3 million for the fiscal year 2024, mainly attributed to unseasonal weather and a reduction in store numbers. Despite this, the company saw an increase in product margins and a strong Back to School trading period. The company plans to continue its strategy of upgrading and expanding its store formats to drive future growth.
For further insights into GB:SHOE stock, check out TipRanks’ Stock Analysis page.