WH Smith news

18 October 2018
WH Smith has announced changes to its High Street operations as performance continues to lag its fast growing travel division. Travel grows as High Street declines In the year to 31 August 2018, group revenues increased by 2% to £1.26bn but group operating profit before tax fell by 4% to £140, pulled down primarily by costs associated with a business review of its High Street business. High...
17 July 2018
Sainsbury's is to start supplying food-to-go lines to selected WH Smith stores as it steps up its drive for new revenue streams. Nine store trial Commenting on the initiative in The Grocer, Sainsbury's director for business development, Mike Luck said " From next week we will be conducting a trial with WH Smith where a limited range of Sainsbury's sandwiches, snacks and light meals will be ...
12 April 2018
WH Smith has reported a decrease in total sales for the six months to February 2018, however its travel business saw a particularly strong performance. Group revenue remained flat at £643 million, with LFL revenue down 1%. Group profit decreased by 1%, now at £91 million. Decline in high street performance High street business saw a decline in first half performance following a challengi...
25 January 2018
WH Smith has reported flat total sales for the 20 week period to 20 January 2018 and a 1% decline in LFL sales. The result was driven by continuing growth at the group's Travel division (Total sales +7%, LFL +3%) while high street sales fell a further 5% (LFL -4%). Strong growth at travel locations Growth was strong across all key channels of the Travel division, with gross margin also grow...
12 October 2017
WH Smith has reported a 7% increase in pre-tax profits to £140m for the year to 31 August 2017,  boosted by strong revenue growth from its travel stores and improved margins at high street stores. Total revenues from continuing operations grew marginally to £1.2bn. Surge in travel shop revenues Sales through travel shops grew by 9% (or 6% net of forex benefits) to £624m. LFL sales were strong...
15 June 2017
Stationery and travel retailer WH Smith has announced sales up 2% for the 15 week period to 10 June 2017, though like-for-like performance was effectively flat. Momentum continues to be driven by 'Travel' The fortunes of the business' two key divisions High Street and Travel remains widely divergent.  In the buoyant Travel division sales rose 8%, underpinned by robust like-for-likes of 5%. ...
13 October 2016
WH Smith's financial results for the year ending 31 August 2016 show a positive overall performance, driven by the retailer's travel business. Total group sales up 3% Total sales at WH Smith rose 3% year-on-year to £1.212bn, with like-for-like sales for the group up 1%. The retailer's travel business has driven this performance, with total sales up 10% and like-for-like sales up 4%. By cont...
14 April 2016
WH Smith has reported an 8% rise in pre-tax H1 group profit, driven by improved trading in its travel division and a stabilisation of the long term decline in high street like-for-likes. Food-to-go increasingly important in travel division Total travel sales grew by 11% in the 26 weeks to February 29th, with LFL growth of 5% spread evenly across the division's three channels of air, rail an...
16 October 2014
WH Smith has reported falling total sales but increased profitability for the year ended 31 August 2014, lifted by a strong performance in its travel division. Over the period group sales fell by 2% with like-for-like sales falling 3%. Profits before tax rose by 9% to £112m. Optimised ranges drive growth in travel Sales at WH Smith’s travel business were up 4% at a total level with LFLs up...
10 April 2014
Major stationery, books and news retailer WH Smith has reported its interim results for the six months to 28 February 2014, revealing the now familiar picture of falling sales but improving profitability.  Over the period group sales fell by 4% (both total and like-for-like), while profit before tax grew by 3%. High Street sales falling fastest While the WH Smith high street stores remain the...