Shoe Zone PLC (AIM:SHOE) pleased investors with an upbeat trading statement which sent shares soaring.
The shoe retailer said that since the release of half-year results in May trading “has exceeded expectations due to particularly strong recent trading through May and early June.”
“This is a combination of strong early demand for summer products and lower container rates contributing to improved margins,” the firm said in a statement.
Shoe Zone now expects adjusted pre-tax profit for the year October 2, to be not less than £10.5mln.
Shares soared 12.4% to 236p.