WH Smith PLC has said revenue grew over the start of the first half, boosted by its travel division as high street sales declined ahead of a planned sale of the business.
Group revenue climbed by 3% in the 21 weeks to January 25, fuelled by a 7% increase at travel-focused stores in the likes of airports and train stations.
Sales declined by 6% across its high street shops in the meantime, with WH Smith having firmed up plans to sell the 500-store-strong business earlier in the week.
WH Smith noted on Wednesday that lower high street sales were “in line” with expectations and that the division was on course for savings of £11 million this year.
Across travel, WH Smith said North American revenue grew 3% as UK sales ticked up 7%.
Momentum was cited across airports in both, with slower North American growth reflecting closures and refurbishments.
“The group has had a good start to the financial year, and we continue to see strong momentum across our core travel business,” chief executive Carl Cowling commented.
“Our UK travel business has delivered another excellent performance,” he added, alongside pointing to a pipeline of around 60 stores in the US.
“The group is in a strong position, and while there is some economic uncertainty, we are confident of another year of good growth in 2025.”