W H Smith reports 28% increase in group revenue

From The Bookseller:

High street retailer W H Smith has reported a 28% increase in group revenue compared to 2022, driven by the Travel business, which was up 42%.

In a Pre-Close trading update ahead of publication of the full-year results to 31st August 2023, the retailer showed “strong summer trading” with the full year “in line with expectations”.

W H Smith said the Travel businesses “continued to benefit from the recovery in passenger numbers across all our key travel markets”. UK Travel stores were up 36% compared to 2022, with North America up 31% and Rest of the World up 98%.

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The retailer also opened 43 stores in North America in the past year, and has had further recent significant tender wins, including four stores at San Diego airport. In the Rest of the World, W H Smith has opened an additional 30 stores and has won further new business, including new stores at Budapest and Madrid airports.

Link to the rest at The Bookseller