Shoe Zone Plc propose that a final dividend of 8.9 pence per share be paid in March 2024 on the basis of a 40% pay-out ratio, totalling 11.4 pence per share (2022: 40% payout 8.8 pence per share). The Board will also propose an additional special dividend of 6.0 pence per share (to be paid in March 2024), bringing the total to 17.4 pence per share (2022: 17.0 pence per share).
Other financial highlights include:
• Revenue of £165.7m (2022: £156.2m)
o Store revenue £134.8m (2022: £129.8m)
o Digital revenue £30.9m (2022: £26.4m)
• Profit before tax £16.2m (2022: £13.6m), adjusted £16.5m (2022: £11.2m)
• Earnings per share 27.79p (2022: 21.74p)
• Net cash balance of £16.4m (2022: £24.4m)
• Share buy-back programme, total 3.8m shares for £8.1m since launch, £2.14 per share
