WH Smith (SMWH)

Sector:

Retailers

Index:

FTSE 250

1,163.00p
   
  • Change Today:
    -16.00p
  • 52 Week High: 1,634.00p
  • 52 Week Low: 1,083.00p
  • Currency: UK Pounds
  • Shares Issued: 130.91m
  • Volume: 81,763
  • Market Cap: £1,522.51m
  • RiskGrade: 324

WH Smith on track for full year after 'good' first half

By Michele Maatouk

Date: Thursday 25 Apr 2024

LONDON (ShareCast) - (Sharecast News) - WH Smith said on Thursday that it was on track to deliver on expectations for the year after a "good" first half.
In the six months to 29 February, headline group profit before tax and non-underlying items ticked up to £46m from £45m in the same period a year earlier, with total group revenue up 8% to £926m.

Revenue from the travel business was up 13%, with Travel UK revenue 15% higher year-on-year. North America saw a 13% increase, while rest of the world revenues rose 24%.

Trading profit in the travel segment increased to £50m from £47m and High Street trading profit declined to £22m from £24m.

The retailer said it continues to see strong momentum across all of its markets as it benefits from growing passenger numbers.

The pace of winning new business in the travel segment remains "strong", it said. Across the UK, North America and Rest of World, it won 31 stores in the half and now has more than 80 stores won and due to open, of which it expects to open over 55 in the second half of the tear.

Chief executive Carl Cowling said: "Our travel divisions are trading well and I am particularly pleased with the outstanding performance from our UK Travel business which has seen a 19% increase in trading profit.

"We continue to make excellent progress in this division, growing our space and broadening our categories as we transition to a one-stop-shop for travel essentials.

"In North America, it has been a very active period where we have opened a further 13 stores. We have also now fully integrated InMotion into our core airport business. This will allow us to sell tech accessories more effectively across our North American airport estate and generate operational efficiencies."

He said the second half of the year has started well and the group is on track to deliver full year expectations.

Email this article to a friend

or share it with one of these popular networks:


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 1,163.00p
Change Today -16.00p
% Change -1.36 %
52 Week High 1,634.00p
52 Week Low 1,083.00p
Volume 81,763
Shares Issued 130.91m
Market Cap £1,522.51m
RiskGrade 324

WH Smith Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.76% below the market average72.76% below the market average72.76% below the market average72.76% below the market average72.76% below the market average
64.1% below the sector average64.1% below the sector average64.1% below the sector average64.1% below the sector average64.1% below the sector average
Price Trend
51.34% below the market average51.34% below the market average51.34% below the market average51.34% below the market average51.34% below the market average
45% below the sector average45% below the sector average45% below the sector average45% below the sector average45% below the sector average
Income
2.02% below the market average2.02% below the market average2.02% below the market average2.02% below the market average2.02% below the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Growth
77.43% above the market average77.43% above the market average77.43% above the market average77.43% above the market average77.43% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 7
Neutral 4
Sell 0
Strong Sell 0
Total 13
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
  Interim Final
Ex-Div 11-Jul-24 11-Jan-24
Paid 01-Aug-24 01-Feb-24
Amount 11.00p 20.80p

Trades for 14-Jun-2024

Time Volume / Share Price
16:21 268 @ 1,163.00p
16:21 15 @ 1,164.00p
16:20 128 @ 1,164.00p
16:20 22 @ 1,164.00p
16:19 267 @ 1,165.00p

Top of Page