Shoe Zone PLC have announced a proposed final dividend of 3.3 pence per share be paid in March 2023 on the basis of a 40% pay-out ratio. The Board will also propose an additional special dividend of 8.2 pence per share (paid in March 2023), bringing the total to 17.0 pence per share.
Other financial highlights include:
• Revenue of £156.2m (2021: £119.1m)
o Store revenue £129.8m (2021: £88.6m)
o Digital revenue £26.4m (2021: £30.5m)
• Profit before tax £13.6m (2021: £9.5m), adjusted £11.2m (1) (2021: £9.5m)
• Proposed special dividend of 8.2 pence per share (2021: Nil)
• Earnings per share 21.7p (2021: 14.0p)
• Net cash balance of £24.4m (2021: £14.6m)
• Commenced share buy-back programme, buying back 955,813 shares for £1.7m cash
