WH Smith PLC (LSE:SMWH) revealed a further slowing in growth in the past quarter, but said its full-year outlook remained unchanged as it is "well positioned" ahead of the coming peak summer period.
Revenue from its Travel division, which operates shops in airports and railway stations, rose 5% in the 13-week period to 31 May 2025, the third quarter of the group's financial year. Growth increased 7% on a constant currency basis or 6% on like-for-like terms.
This was slower than the 6% total growth in the first half, and down from the 8% constant currency growth.
But the FTSE 250 group said it was "growing and performing strongly" in the UK, with 5% growth on last year or 6% LFL.
In North America, sales grew 7% on a constant currency basis, with LFL up 2%, while the Rest of the World division recorded a 12% increase in revenue or 7% LFL.
Ten new airport stores were opened in locations including Calgary, Denver, and Washington.
WH Smith said the sale of its UK High Street business, announced in March, remains on track to complete by the end of June 2025.
“Looking ahead, while we are mindful of the broader economic and geopolitical uncertainty, the group is well positioned as we enter our peak summer trading period,” it said, and "our expectations for the full financial year are unchanged".