WHSmith’s full-year profits will be in line with market expectations as its travel business continues to thrive.
In a pre-close statement for its year ending August 31, WH Smith said: “The travel business continues its good performance and is making further progress in winning new business in both the UK and international travel markets.
“In the high street business our focus on gross margin gains and tight cost control continues to deliver a solid performance, despite the relatively strong publishing schedule in the second half of the prior year. Both businesses remain highly cash generative.”
The stationery and bookseller will reveal its preliminary results for the year on October 10.
Former WHSmith chief executive Kate Swann stood down at the end of June, after 10 years at the helm. Steve Clarke, previously head of high street, has taken the reins.
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