logo-loader
WH Smith PLC

WH Smith results in line on travel boost

The retailer said its new store opening programme was on track in the UK and internationally, reporting “good sales” across all channels.

WH Smith store front
WH Smith’s High Street business performed in line with expectations.

WH Smith Plc (LON:SMWH) said it expected results for the year ended August to be in line with expectations after a strong performance from its travel business.

The retailer said its new store opening programme was on track in the UK and internationally, reporting “good sales” across all channels.

“We have been pleased with the customer reaction to our recently opened stores in Alicante airport in Spain, and we continue to see further opportunities in the international news, books and convenience travel market,” said the group in a statement Wednesday.

Meanwhile, on the High Street, WH Smith’s business performed in line with expectations as it annualised a strong performance on the back of last year’s adult colouring book trend.

It continues to deliver gross margin improvements and cost savings in line with its profit-focused strategy.

Shares rose 1% to 1,609p.

Quick facts: WH Smith PLC

Price: £19.54

Market: LSE
Market Cap: £2.11 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Katoro Gold to accelerate battery metals plan following gold...

Louis Coetzee says Katoro Gold PLC’s (LON:KAT) deal for its gold licences in Tanzania should be considered more a re-positioning than a disposal. It’s part of a re-focusing of the strategy towards battery metals, he adds. Katoro will retain a royalty on production from the Imweru and Lubando...

in 5 hours, 49 minutes

RNS

Holding(s) in Company

2 weeks ago

Transaction in Own Shares

2 weeks, 1 day ago

Transaction in Own Shares

2 weeks, 3 days ago

Transaction in Own Shares

2 weeks, 4 days ago

Transaction in Own Shares

3 weeks, 1 day ago

Transaction in Own Shares

3 weeks, 2 days ago

Total Voting Rights

3 weeks, 2 days ago

2 min read