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Trading statements

WH Smith sees FY outcome in line with views

24 August 2016 07:24

WH Smith expects the outcome for its year to Aug. 31, 2016, to be in line with expectations.

"Our Travel business continues to perform strongly with good sales across all of our channels," the company said.

"The new store opening programme both in the UK and internationally is on track.

"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.

"The profit performance of our High Street business in the second half is in line with our expectations as we annualised a strong performance last year driven by colour therapy for adults.

"We continue to deliver gross margin improvements and cost savings in line with our profit focused strategy."

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Related Company: SMWH

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