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WH Smith's Full-Year Revenue Jumps 28% As Travel B ooms

By Donna Ahern
WH Smith's Full-Year Revenue Jumps 28% As Travel B ooms

British retailer WH Smith recently said that its annual revenue jumped 28% from a year ago, boosted by strong demand during a busy summer travel season.

Leisure travel demand has been robust since the pandemic restrictions ended, with the sector witnessing a global boom during the summer holiday season. However, high costs and the squeeze to passenger spending amid an uncertain economic environment continue to weigh on the sector.

The company, which has stores in travel hubs and sells everything from books and sandwiches to Bluetooth headphones, said it expected results for the full-year ended 31 August to be in line with its estimates.

Full Year Forecast

In May, WH Smith had forecast higher full-year profit, buoyed by a recovery in passenger numbers in all its key markets.


For the full year, analysts on average expect profit before tax to be at £143 million, according to a company compiled analyst consensus.

WH Smith, which will report its preliminary annual results on 9 November, said it expected to open over 80 new stores across its travel businesses in the financial year ending August 2024.

Read More: Retailer WH Smith Expects Higher Profit On Strong Summer Travel

News by Reuters, edited by Donna Ahern, Checkout. For more Retail stories, click here. Click subscribe to sign up for the Checkout print edition.

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