WHSmith warns on profit as coronavirus hits travel business

WHSmith Holborn 11

WHSmith has slashed its full-year profit forecast as the coronavirus pandemic takes it toll on its travel division.

The stationery specialist said it expects between £30m and £40m to be wiped off its bottom line in the year ending August 31 as a result of falling revenue in its airport stores.

It cautioned that total sales across the group are forecast to slump between £100m and £130m.

Analysts had expected WHSmith to deliver a pre-tax profit of £79.8m and revenues of £742m.

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