WH Smith (SMWH)

Sector:

Retailers

Index:

FTSE 250

1,612.50p
   
  • Change Today:
      17.50p
  • 52 Week High: 1,805.50
  • 52 Week Low: 1,311.00
  • Currency: UK Pounds
  • Shares Issued: 130.91m
  • Volume: 386,162
  • Market Cap: £2,110.92m
  • RiskGrade: 324

WH Smith takes 'small' hit from Omicron but sees recovery in travel markets

By Michele Maatouk

Date: Wednesday 19 Jan 2022

LONDON (ShareCast) - (Sharecast News) - WH Smith said on Wednesday that revenues remained below pre-pandemic levels and that it had taken a small hit from the Omicron variant, but forecast a resumption in the recovery of its travel markets.
The retailer - which has outlets at train stations, airports and hospitals - said total group revenue in the 20 weeks to 15 January was 85% of 2019 levels. In Travel UK, total revenue was 70% of 2019 levels.

WH Smith said that prior to the emergence of Omicron in early December, it saw a "consistent and encouraging" improvement in sales trends across all its channels, which was followed by a resilient performance in December.

Overall revenue in North America for the 20-week period was at 92% of 2019 levels.

The retailer's update showed that group revenues reached 90% of 2019 levels in November, but slipped back to 87% in December.

Chief executive Carl Cowling said: "We are pleased with the progress the group has made in the period.

"In Travel, we have focused on our strategic objectives of increasing customer conversion, growing average transaction value and winning new space, all of which continue to deliver good results. We have now opened 16 of the recently won InMotion technology stores in UK airports and are pleased with their performance. Our strong track record of winning new tenders in the US continues, with a significant nine store win at Kansas airport.

"Our High Street business performed well, in line with our expectations, with our online businesses delivering strong performances.

"Looking ahead, although we are seeing a small impact from the Omicron variant, we anticipate a resumption in the recovery of our Travel markets over the coming months. We are well placed for the key trading period in Travel this summer and the ongoing recovery in our markets."

At 0900 GMT, the shares were up 5% at 1,632p.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WH Smith Market Data

Currency UK Pounds
Share Price 1,612.50p
Change Today 17.50p
% Change 1.10 %
52 Week High 1,805.50
52 Week Low 1,311.00
Volume 386,162
Shares Issued 130.91m
Market Cap £2,110.92m
RiskGrade 324

WH Smith Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.69% below the market average92.69% below the market average92.69% below the market average92.69% below the market average92.69% below the market average
87.23% below the sector average87.23% below the sector average87.23% below the sector average87.23% below the sector average87.23% below the sector average
Price Trend
59.73% above the market average59.73% above the market average59.73% above the market average59.73% above the market average59.73% above the market average
61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average61.54% above the sector average
Income
72.49% below the market average72.49% below the market average72.49% below the market average72.49% below the market average72.49% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
57.92% below the market average57.92% below the market average57.92% below the market average57.92% below the market average57.92% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 9
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WH Smith Dividends

  Latest Previous
  Final Interim
Ex-Div 09-Jan-20 11-Jul-19
Paid 30-Jan-20 01-Aug-19
Amount 41.00p 17.20p

Trades for 27-May-2022

Time Volume / Share Price
16:35 59,341 @ 1,612.50p
16:29 6 @ 1,600.50p
16:29 6 @ 1,600.50p
16:29 1,006 @ 1,600.50p
16:29 23 @ 1,600.50p

WH Smith Key Personnel

Chair Henry Staunton

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