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WH Smith 'well positioned' for peak summer trading period
(Sharecast News) - Travel retailer WH Smith said on Wednesday that it was "well positioned" for the peak summer trading period after total travel revenue rose 5% year-on-year in the 13 weeks ended 31 May. WH Smith said UK travel revenues grew 5%, while North American revenues improved by 3% year-on-year and Rest of the World revenues shot up 9%.
Across all of its channels, like-for-like revenues in Air were up 7%, Hospitals were 3% higher, and Rail improved 6% during the period.
Looking ahead, WH Smith noted that while it was mindful of the broader economic and geopolitical uncertainty, it said it was well positioned as it enters its peak summer trading period.
"We are strengthening our focus on cost and cash discipline, and we are in a strong position to capitalise on substantial value-creating opportunities that exist across our markets," said WH Smith.
As of 0730 BST, WH Smith shares were untraded at 1,024.0p.
Reporting by Iain Gilbert at Sharecast.com
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