Shoe Zone (GB:SHOE) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.