WH Smith PLC expects the outcome for the year to 31 August 2015 to be slightly ahead of the consensus of analysts’ expectations of full year sales of €1.63 bln (£1.16 bln) and operating profit of €174.4 mln (£123.9 mln) as reported by Bloomberg.
In a statement today, WH Smith issued the following update.
During the second half Travel continued to deliver a strong performance with good sales across all of our core channels reflecting continued investment in our key business initiatives and growth in passenger numbers. In addition, the new store opening programme both in the UK and overseas is on track.
The performance of our High Street business is in line with our expectations, with sales slightly ahead, driven by some favourable publishing in books. We continue to deliver gross margin improvements and planned cost savings in line with our profit focused strategy.
WH Smith will announce full-year results in October 2015.
Source: WH Smith PLC
