WHSmith tumbles to full-year loss as sales slide
WHSmith has fallen into the red at the full-year mark as the retailer’s sales across travel and the high street were “heavily impacted” by the pandemic.
WHSmith posted a headline pre-tax loss of £69m in the year to August 31 compared with a pre-tax profit of £155m the previous year.
Group pre-tax loss for the period was £226m, down from a profit of £135m the previous year.
The retailer’s group sales declined 27% year on year to £1bn as travel sales fell 32% to £553m.
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