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SHOE Shoe Zone Plc

135.00
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shoe Zone Plc LSE:SHOE London Ordinary Share GB00BLTVCF91 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 135.00 17,252 08:00:00
Bid Price Offer Price High Price Low Price Open Price
130.00 140.00 135.00 135.00 135.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Footwear-wholesale 165.66M 13.22M 0.2860 4.72 62.41M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:41:09 O 1,000 137.90 GBX

Shoe Zone (SHOE) Latest News

Shoe Zone (SHOE) Discussions and Chat

Shoe Zone Forums and Chat

Date Time Title Posts
09/12/202418:27SHOE digital sales 100% up year on year.2,395
01/11/202115:44Time for a rebound156
01/8/202115:43Shoe Zone - UK mass market retailer of footwear703
19/2/202118:02please ignore feet wear - just mucking around-

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Shoe Zone (SHOE) Most Recent Trades

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Shoe Zone (SHOE) Top Chat Posts

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Posted at 14/12/2024 08:20 by Shoe Zone Daily Update
Shoe Zone Plc is listed in the Footwear-wholesale sector of the London Stock Exchange with ticker SHOE. The last closing price for Shoe Zone was 135p.
Shoe Zone currently has 46,226,830 shares in issue. The market capitalisation of Shoe Zone is £62,406,221.
Shoe Zone has a price to earnings ratio (PE ratio) of 4.72.
This morning SHOE shares opened at 135p
Posted at 29/10/2024 21:37 by bareknee
Fenners - more importantly, how material to Shoe Zone are the added costs of NI and minimum wage and, if they are material, can they be passed onto consumers to protect margins ?

We can do next to nothing about changing govt policy, but we can make a judgement on where to invest.

... and before anyone asks, no I'm not short on Shoe Zone, but I do have a lot less shares than I did 12 months ago. The profit warnings, which were partly blamed on increases in minimum wage which had been signalled months previously, destroyed a lot of the faith I'd previously had in the management here.
Posted at 29/10/2024 11:17 by fegger
The price has been under a lot of pressure recently. When I look at selling I look at the dividends paid since the pandemic.

2022/2023 17 pence Based on today price of 142 = 11.97%
2023/2024 17.4 pence Based on today price of 142 = 12.25%

Still large holdings over 89% held by family. They will want to continue this income.

Could be hit tomorrow by increased NICs. But news is that shipping costs are normalising which will help them.

So I havent sold. On balance the income and the tight holding makes the outlook positive enough to hold.
Posted at 22/10/2024 10:11 by martinmc123
SHOE – Shoezone
2*
The high Street retailer of low cost footwear issued a pretty soft sounding FY update this morning. Group revenue reduced by 2.7% to £161.3m (FY 2023: £165.7m), store numbers, in line with plan, reduced to 297 (FY 2023: 323), Product margin increased to c.62.8% (FY 2023: 62.1%) and adjusted profit before tax expected to be not less than £9.5m (FY 2023: £16.5m). The first 3 highlights noted were pretty average, PBT down by over 40% is obviously pretty soft and explains why the share price is down 8% so far today. The reason for the profit fall given was due to the weather impacted second half sales performance in conjunction with year-on-year increases in the cost of energy, depreciation, National Living Wage and containers prices in the second half. The Group’s balance sheet softened a ...

...from WealthOracle

wealthoracle.co.uk/detailed-result-full/SHOE/897
Posted at 20/9/2024 17:52 by niklol
Nice end to the week for Shoe
Posted at 02/7/2024 06:57 by bountyhunter
With so many goods made in China higher container prices will be affecting retailers across the board not just Shoezone. Even if they have to raise prices they will still be the cheapest shoe shop on the High Street as competitors will need to raise their prices as well.
Posted at 27/6/2024 18:28 by thecroots
Shoezone dont store card details:

Your privacy and security is our priority and we never release your personal details to any other company for mailing or marketing purposes.

When making a purchase from shoezone.com we do collect personal information from you (such as your name, email address, payment address and payment details). This information is held securely and your payment details are not stored by us. Shoe Zone complies with all applicable Data Protection and consumer legislation. Rest assured your information is always treated as being fully confidential and subject to a range of appropriate technical and organisational safeguards at all times.

shoezone.com uses SSL encryption technology, the most advanced and secure way to process online transactions. You can tell whether a page is secure as "https" will replace "http" at the front of shoezone.com in your browser and a small padlock will also appear. If ever you have any concerns about the security of our site, please do not proceed with your transaction but contact us to make us aware of the issue.
Posted at 30/5/2024 12:17 by petersinthemarket
Reminder from my notes:

4 March 2024
STimes: tipped SHOE, arguing that the business was set to continue benefitting from the cost of living crisis. Sales at the discount chain's 329 shops had jumped by 39% over the preceding 2yrs. Reviews for its footwear on Amazon.com were glowing, she said. SHOE was also tinkering with its structure, shifting from small high street shops to bigger sites at retail parks and digital sales. The company had also cut the total number of stores. It was highly cash-generative with £16.4m of net cash. CEO Anthony Smith and his brother own 58% of the shares so the management have a clear interest in seeing shares rise. The company's free-float is only 32%. As the Liberum analyst Wayne Brown wrote this week: Consumers are actively seeking value for money, spending less per transaction and spending more on lower-priced products. SHOE will benefit: buy.
Posted at 09/1/2024 10:39 by davebowler
Shoe Zone plc is a nomad and broker client of Zeus

FY23 Results
FY23 performance is in line with estimates and reflects solid trading and strong cost control. FY23E revenue +6.1% YOY and Adj. PBT +48% to £16.5m, almost double the £8.5m FY23E Adj. PBT we forecast a year ago following 4 consecutive upgrades over 2023. Net cash of £16.4m is after a total of £26.7m in capex, dividends and share buybacks, demonstrating the strongly cash generative nature of the Group. This is reflected in the announcement of a 6.0p special dividend, taking full year DPS to 17.4p, equating to a 7.7% yield. Trading at just 0.5x EV/Sales, 4.3x EV/EBITDA on an ex-cash PE of 7.9x, Shoe Zone remains a compelling buy.

¨ FY23 Results: FY23 performance was well flagged in a year end trading statement issued 17 October. Revenue of £165.7m is +6.1% YOY, with growth across Stores, +3.9% to £134.8m (FY22: £129.8m) and Digital, +17.0% to £30.9m (FY22: £26.4m). Product margin improved 110bps to 62.3% (FY22: 61.2%), benefitting from the reduction in container prices realised in the second half of the year. Adj. PBT of £16.5m is +47.6% YOY (FY22: £11.2m), coming in at almost double our original £8.5m forecast set in January 2023. Adj. EPS of 27.6p +53.1%, benefitting from the share buyback. Year-end net cash of £16.4m is after investing £11.4m in capital expenditure, £7.1m in share buybacks and £8.2m in dividend distributions paid during the year, reflecting the highly cash generative nature of the Group’s operating model.

¨ Significant shareholder returns: Shoe Zone has proposed a final dividend of 8.9p, 11% above our 8.0p estimate, as well as a special dividend of 6.0p. This gives a total FY23 dividend of 17.4p (65% above our FY23 DPS estimate of 10.5p), an effective yield of 7.7% at last night’s closing price. This is in addition to £7.1m in share buybacks executed in FY23.

¨ Continued progress on property transformation: Shoe Zone ended the period with 323 stores, having closed 72 and opened 35 new stores during the year. Its property refit and relocation programme will see total stores reduce to c.300 sites (targeting 100 Big Box sites, 200 Hybrid sites) but with average store sizes increasing and retail sq. footage remaining stable. Larger format stores improve productivity and increase product range through third party brands. The Group negotiates all property terms in house. Average lease length of 2.2 years means it has significant flexibility in its store footprint. Property supply continues to outstrip demand delivering material rent reductions; the Group achieved rent reductions on 53 store renewals totalling £0.7m in the year, an annualised saving of 31%.

¨ Forecasts: Our FY24E forecasts are unchanged, forecast net cash moves lower due to the announced 6.0p special dividend which will be paid during FY24E. We introduce FY25E estimates, based on what we believe to be conservative assumptions. FY25E revenue of £174.6m implies conservative growth of 3.3%, whilst FY25E adj. PBT of £14.8m reflects the impact of meaningful cost increases in National Living Wage and energy expenses over FY24E and FY25E. See exhibits 5 & 6 for more detail.

¨ Investment case: Shoe Zone’s resilient FY23 performance reflects the strength of its market position as a value retailer in the relatively non-discretionary category of footwear as well as strong cost control, driving material improvement in profitability. Its valuation continues to appear undemanding at FY24E EV/sales of 0.5x, EV/EBITDA of 4.3x, ex-cash PE of 7.9x and prospective yield of 4.4%. Based on what we believe are conservative growth and cost assumptions, it remains a compelling buy at these levels.
Posted at 15/9/2022 10:18 by someuwin
Zeus note out Today...


Shoe Zone plc
SHOE LN – General Retail

Strides ahead Our recent site visit has reaffirmed our conviction that SHOE is one of the most resilient and attractive consumer stocks on the market.

* Resilient market position: As a leading value footwear retailer, we believe SHOE is well positioned to capture share as consumers seek affordable alternatives in response to ongoing inflationary pressures. Several high street competitors have exited the market (Arcadia Group, Debenhams) with Tesco recently withdrawing part of its footwear offer further strengthening the Group’s market position.

* Property transformation will drive productivity: SHOE is in the process of migrating its store estate from its legacy network of small high street stores into new, larger-format stores including ‘Hybrid’ stores located in town centres but offering c.2.0x the space of a typical legacy store, and out of town ‘Big Box’ stores located on retail parks (2.5x larger). Store transformation should improve productivity and drive contribution margin accretion. The Group’s Leicester head office and warehouse is also well invested, and we believe capable of supporting revenues of up to £250m with minimal additional investment required.

* Low product risk, robust supply chain: The Group’s core Shoe Zone product range of 300 styles across men’s, women’s, and children’s is focused on timeless styles in popular colourways, with ranges ordered in high volume (typically 15,000 pairs per style) and able to be carried over from season to season. Categories such as school shoes, safety footwear and slippers provide a degree of dependable demand. This means there is minimal inventory risk and low levels of sale mark down activity, reflected in its resilient product margin at 61.4% (FY21: 61.3%).

* Expanding product range & demographic reach: Larger format stores enable the Group to extend in-store product range from the core 300 Shoe Zone styles with additional brands (475 to 600 styles in Hybrid stores, 675 styles in Big Box stores), adding higher priced products and appealing to a broader consumer demographic. Its shoehub ecommerce platform extends this even further, with >3,000 styles across more than 135 brands.

* Complementary hybrid model with low return rates: SHOE’s ecommerce platform shoehub has grown rapidly through COVID, contributing c.15% of FY22 revenue. Unlike other ecommerce businesses product returns rates are incredibly low at 11.3% (having normalised from COVID lows of 8.4%) and the Group’s hybrid model means reverse logistics are exceptionally efficient, with 70% of online returns transacted in store with nominal incremental cost to the business.

* Debt free, cash generative: SHOE is debt free, with £13.9m net cash on 2 April 2022. It offers an attractive dividend yield of 3.7% based on a modest 40% pay-out ratio alongside its current share buyback programme and scope for future special dividends to distribute excess.

* Strong management team: It is impossible to be anything other than impressed by management’s detailed and in-depth knowledge of all parts of the business reflecting longstanding relationships and meaningful personal investment.

* Compelling valuation: Despite a marked recovery in share price from COVID lows, SHOE trades at just 10.8x FY22E PE. Current trading momentum, combined with self-driven store transformation suggests strong upside to trading over the medium term. A robust cash-backed balance sheet underpins an attractive dividend yield, supplemented by share buybacks and scope for future special dividends to return excess cash to shareholders.
Posted at 19/1/2022 17:35 by tole
https://www.fool.co.uk/2022/01/19/1-surging-former-penny-stock-to-buy-in-2022/1 surging former penny stock to buy in 2022!Jabran Khan | Wednesday, 19th January, 2022 | More on: SHOEBritish Pennies on a Pound Note Image source: Getty ImagesPenny stocks are often seen as risky investments. I like to look for these small-cap contrarian options for my holdings. One could be a diamond in the rough and offer me lucrative returns in the longer term. Here's one pick I would add to my portfolio today.Former penny stock on the riseThe Shoe Zone (LSE:SHOE) share price has been surging recently. As I write, the shares are trading for 1,42p. At time last year, the shares were very much in the penny stock category, trading for 51p. A return of 178% over 12 months is impressive.Shoe Zone is a men's, women's, and children's shoe retailer with over 500 stores in the UK and Ireland, and employs 4,000 people. In light of the recent e-commerce boom, it also has an online store and offering which is vital to success due to the changing shopping habits of consumers as well as evolving technology.Why I like Shoe ZoneRetail and the high street have taken a beating over the past few years. Online disruptors to the retail market coupled with more choice have placed pressure on bricks-and-mortar retail. The tide seems to be turning somewhat, however. Recent economic conditions such as rising inflation and energy costs as well as the pandemic has placed pressure on the wallets of many households. Budget retailers like Shoe Zone seem to benefiting. Shoe Zone's extensive store presence coupled with its online offering provide it with a good platform from which to reap the rewards of the need for budget footwear.Shoe Zone's performance recently and historically has been promising. I do understand past performance is not a guarantee of any future performance, however. Looking back, revenue increased year on year for three years prior to the pandemic affecting 2020 results. Most recent audited full-year results were released earlier this month. Before the audited results were released, the initial update in October caused the share price to surge and the Shoe Zone share price to surpass penny stock levels. Revenue was very close to 2020 levels which is encouraging due to 2020 trading being disrupted. Tellingly, online revenue increased substantially compared to 2020 levels. 2020 was a loss-making year whereas in 2021, Shoe Zone recorded a £14m profit. A big bonus for me as a potential investor is the company is debt free.Risks and final thoughtsThe biggest threat to Shoe Zone's progress in 2022 and beyond is that of the pandemic. Many of its stores were closed when restrictions were tightened earlier in the pandemic. With the threat of new variants and fresh restrictions still lingering, this could impact the balance sheet and share price performance.Overall I think Shoe Zone could be a good addition to my holdings and I would buy shares today. I wish I had bought them sooner when they were still a penny stock. I expect trading in the months ahead to be excellent, barring any restrictions, and would not be surprised to see 2022 results surpass 2021 and pre-pandemic results. At current levels, the shares look cheap too with a price-to-earnings ratio of just 10.
Shoe Zone share price data is direct from the London Stock Exchange

Shoe Zone Frequently Asked Questions (FAQ)

What is the current Shoe Zone share price?
The current share price of Shoe Zone is 135p.
How many Shoe Zone shares are in issue?
Shoe Zone has 46,226,830 shares in issue.
What is the market cap of Shoe Zone?
The market capitalisation of Shoe Zone is GBP 62.41 M.
What is the 1 year trading range for Shoe Zone share price?
Shoe Zone has traded in the range of 120.00p to 295.00p during the past year.
What is the PE ratio of Shoe Zone?
The price to earnings ratio of Shoe Zone is 4.72.
What is the cash to sales ratio of Shoe Zone?
The cash to sales ratio of Shoe Zone is 0.38.
What is the reporting currency for Shoe Zone?
Shoe Zone reports financial results in GBP.
What is the latest annual turnover for Shoe Zone?
The latest annual turnover of Shoe Zone is GBP 165.66M.
What is the latest annual profit for Shoe Zone?
The latest annual profit of Shoe Zone is GBP 13.22M.
What is the registered address of Shoe Zone?
The registered address for Shoe Zone is HARAMEAD BUSINESS CENTRE, HUMBERSTONE ROAD, LEICESTER, LANCASHIRE, LE1 2LH.
What is the Shoe Zone website address?
The website address for Shoe Zone is www.shoezone.com.
Which industry sector does Shoe Zone operate in?
Shoe Zone operates in the FOOTWEAR-WHOLESALE sector.

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