WH Smith PLC Trading Statement (4903Y)
07 Settembre 2022 - 8:00AM
UK Regulatory
TIDMSMWH
RNS Number : 4903Y
WH Smith PLC
07 September 2022
WH Smith PLC
Pre-close Trading Update
Strong Q4 Performance - Full Year in Line with Expectations
7 September 2022
Prior to entering its close period ahead of reporting its
preliminary results for the twelve months ending 31 August 2022 on
10 November 2022, WH Smith PLC announces the following pre-close
update.
We have continued to see a strong performance from Travel in the
second half, with Group revenue comfortably in excess of pre-Covid
levels.
Total Group revenue as a percentage of 2019 total revenue has
been:
% of 2019 Revenue(1)
H1 15 weeks 11 weeks 26 weeks
to to to
11 June 27 August 27 August
2022 2022 2022
---- --------- ----------- -----------
Travel 82% 123% 135% 129%
---- --------- ----------- -----------
High Street(2) 86% 79% 82% 80%
---- --------- ----------- -----------
Group 84% 107% 117% 112%
WHSmith Travel
Total revenue in Travel as a percentage of 2019 total revenue
has been:
% of 2019 Revenue(1)
H1 15 weeks 11 weeks 26 weeks
to to to 27 August
11 June 27 August 2022
2022 2022
---- --------- ----------- --------------
UK 71% 104% 112% 108%
---- --------- ----------- --------------
North America(3) 91% 111% 116% 113%
---- --------- ----------- --------------
Rest of the
World(4) 44% 88% 118% 103%
---- --------- ----------- --------------
Total Travel(5) 82% 123% 135% 129%
(1) Equivalent month in 2019; (2) Includes internet businesses;
(3) Proforma, constant currency; (4) Constant currency; (5) As
reported
Further to the Group's trading update on 15 June 2022, despite
some ongoing disruption, our Travel businesses have continued to
benefit from the recovery in passenger numbers across all our key
travel markets.
As passenger numbers continue to recover, we have delivered
strong ATV growth and higher penetration, driven by our ongoing
strategy to significantly enhance our ranges and develop our
categories, such as health and beauty and technology.
In the UK, our business is performing strongly and similarly
North America continues to show good momentum. Rest of the World
has been slower to recover but we are now seeing good growth across
all our markets, with the strongest recovery in Europe and, more
recently, notable improvements in Australia and Asia.
We continue to make good progress with our store opening
programme and we remain in a strong position to benefit from the
significant growth opportunities across the global travel retail
market. We have over 130 stores won and yet to open and there are a
number of ongoing tenders across our markets. More recently, we are
pleased to have won a further 6 new stores in Brussels airport and
further significant wins in North America including at Salt Lake
City and Los Angeles International airports. These new store wins
demonstrate the capability of the business to win new stores across
different formats in a range of geographies.
WHSmith High Street
Our High Street business is performing in line with
expectations. Sales in the second half were adversely impacted
following the previously announced disruption to our online
greeting card business, funkypigeon.com. In our High Street
business, we continue to focus on cost efficiencies and the return
on space. We have identified further significant cost saving
opportunities, most notably through reductions in rent.
Full Year Result
WH Smith PLC expects the outcome for the year to 31 August 2022
to be in line with the upgraded expectations which followed the
third quarter trading update on 15 June 2022.
2022 Preliminary Results
The WH Smith PLC preliminary results investor and analyst
presentation for the year ending 31 August 2022 will be held on
Thursday 10 November 2022.
Enquiries:
WH Smith PLC
Mark Boyle Investor Relations 07879 897687
Nicola Hillman Media Relations 01793 563354
Brunswick
Tim Danaher 020 7404 5959
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTEALNKESKAEFA
(END) Dow Jones Newswires
September 07, 2022 02:00 ET (06:00 GMT)
Grafico Azioni Wh Smith (LSE:SMWH)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Wh Smith (LSE:SMWH)
Storico
Da Apr 2023 a Apr 2024