WH Smith profits on track to meet City hopes
The group said its travel business, which has outlets in airports and train stations around the world, has turned in a “good performance” and expects to continue with its expansion plans.
Its high street division, which saw like-for-like sales fall 4 per cent in the third quarter, continues to keep a tight rein on costs in a bid to improve gross margins.
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Hide AdBoth businesses remain “highly cash generative” said WH Smith, which reports its annual results on 16 October.
City analysts are forecasting pre-tax profits of about £113 million and the retailer said it “expects the outcome for the year to 31 August to be in line with market expectations”.