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Shoe Zone – profit warning… after already noting a profit warning just six weeks ago!

By Steve Moore | Tuesday 2 July 2024


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on ‘value footwear retailer’ Shoe Zone (SHOE), in May with the shares falling below 180p I questioned “pleased to announce its interim results” noting a profit warning and a stated “backdrop of consumer uncertainty and macroeconomic volatility… disruption in the Red Sea, and indications are that this will continue until at least the end of the year”. With the shares having most recently closed at 152.5p, what of today a “Trading Update” announcement?

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