WHSmith profits and revenues soar as travel division powers growth
WHSmith has posted a surge in profits and revenue in its first half as “strong momentum” continued across its UK and international travel business.
WHSmith posted group profit before tax of £45m in the six months to February 28, up from £18m in the comparable period last year, and said it is performing “ahead of expectations for the full year”.
Travel UK revenues jumped 66% to £314m during the period, up from £189m in the prior year, while total sales at the North American travel business increased 53% and revenues across the rest of the world soared by 209%.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.