Shoe Zone has released an update revealing challenging trading conditions, with profit before tax for FY25 expected to be £2.5m against the Zeus forecast of £5.0m. Low consumer confidence, precautionary saving from consumers and ongoing impacts from inflation have reduced footfall to Shoe Zone stores, impacting revenue and profitability. We reduce FY25 revenue forecasts by 4.6% to £152.0m and adjusted PBT by 50.1% to £2.5m, implying H2 2025 adjusted PBT of £5.1m. Due to caution on the consumer o ....