(Il Sole 24 Ore Radiocor) - Milano, 22 apr - The UK footwear retailer Shoe Zone cut its full year guidance to an adjusted pretax loss of 1.0-2.0 million pounds from a previous estimate of a 1.0 million pound adjusted pretax profit.

The company's financial year ends on October 3.

Shoe Zone said that in the first quarter of 2026 it experienced "challenging trading conditions, principally due to a continued weakening in consumer confidence, following on from the government's last two budget announcements, and the geo-political issues in the Middle East." "These macroeconomic factors have increased customer caution, leading to lower footfall, less discretionary spend and additional costs such as container prices and transportation costs, with a resultant reduction in revenue and profit. It is expected that H2 trading (and costs) will also be impacted," it added.

Shoe Zone noted that it remains debt free and that its cash levels at the end of March 2026 were higher than the year end.

position for fiscal 2025.

(RADIOCOR) 22-04-26 14:46:34 (0499) 5 NNNN