WH Smith buoyed by recovery in travel sales
Total revenue as a percentage of 2019 sales was 112%
Company
WH Smith PLC
LON:SMWH
WHSmith PLC has 548 high street stores and 433 travel outlets at airport, train station, hospital and motorway service area locations across the UK which sell a wide range of newspapers, magazines, stationery, books and entertainment products.
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WH Smith and Halfords set for Wednesday’s spotlight
Retailers and housebuilders continue to be a focus in the news cycle.
WH Smith results to confirm if it's still enjoying 2022 more than most
Wednesday’s final results could reveal if there has been an impact from the summer of airport chaos imposed by airline cancellations
WH Smith announces pension scheme buy-in deal
The buy-in removes longevity and other demographic risks as well as investment, interest rate and inflation risks, the retailer said
WH Smith expects revenue to be at top end of estimates on travel rebound
Travel continues to perform strongly across all divisions at the company and it expects this to be maintained into the peak summer trading period
Travel resurgence bodes well for Whitbread and WH Smith numbers next week
Revenue in European lodgings was up 22% in the UK for the week of 22 May, according to Citigroup
WH Smith upbeat for remainder of the year despite economic uncertainty as it returns to profit
Performance was boosted by the travel part of the business as Covid restrictions eased
WH Smith's Funky Pigeon site hit by cyber incident
Specialists are investigating "the extent to which any personal data, specifically names, addresses, e-mail addresses and personalised card and gift designs has been accessed"
WH Smith sees small impact from Omicron but expects recovery to continue
“We are well placed for the key trading period in travel this summer and the ongoing recovery in our markets," said chief executive Carl Cowling
WH Smith hopes to return to ‘meaningful’ profit after full-year losses narrow
The retailer expects sales to return to 2019 levels in the current financial year
WH Smith faces turbulence as activist investor builds up chunky stake
US-based Causeway Capital, known for its involvement with Rolls-Royce and Volkswagen, is now the retailer's largest shareholder
WH Smith issues mixed trading update as investors digest good news/bad news combo
Continued doubts ove the return to "normal" levels of travel means the retailer currently anticipates the levels of profitability for the current fiscal year will be at the lower end of market expectations.
WH Smith trading slightly ahead of expectations thanks to North American revival
Passenger numbers remain significantly down versus 2019 but the retailer is seeing a gradual recovery in sales as restrictions are eased
Longer lockdown could pump the brakes on UK recovery, warns BCC
The head of economics at the British Chamber of Commerce, Suren Thiru, said a continuation of restrictions beyond the planned June 21 end date could “materially slow” the country’s economic recovery from the pandemic
Lockdown easing could be delayed by at least two weeks, reports
Reports have emerged that the final stage of easing could be pushed back by as much as a month to allow for all adults over 50 to be fully vaccinated against COVID-19
WH Smith removes references to non-executive director's chair role at Greensill Capital from its website
How embarrassing? Imagine being a director of WH Smith ...
WH Smith knocked down to ‘neutral’ by JP Morgan as return to international travel remains a question mark
Meanwhile, the High Street and online businesses are in rude health, said the bank
WH Smith trims monthly cash burn forecasts after performance tops expectations
High street and online businesses performed well but the travel segment remains under pressure
WH Smith sale of Funky Pigeon could boost pivot to travel business, says broker
Analysts at Peel Hunt estimated that the online greeting cards business could be worth "well in excess of £300mln", enough to wipe out the newsagent's debt pile
WH Smith expects monthly cash burn of up to £20mln if restrictions continue to March
The firm has £340mln of cash and committed facilities available which reassures the market