Shoe Zone PLC - Leicester-based value footwear retailer - Says England's second lockdown will hit revenue in recently-commenced financial year, resulting in an anticipated reduction of at least GBP12 million compared to the financial year ended on October 5.
"The very late lockdown in certain areas of Scotland and all of Northern Ireland has further exacerbated the impact on our pre-Christmas trading. Notwithstanding this anticipated reduction in revenue, the group continues to have a material net cash balance sheet position, and the board continues to anticipate that the group has sufficient liquidity available to it, assuming there are no further material Covid-19 related restrictions mandated by the government over and above those already known," says Shoe Zone.
Says difficult to provide any further guidance on future outlook.
Says results for the financial year ended October 5 will be published on March 8, 2021.
Current stock price: 55 pence
Year-to-date change: down 66%
By Lucy Heming;Â lucyheming@alliancenews.com
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Shoe Zone (SHOE)