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.

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WH Smith Plc Timeline

October 11 2013

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