Travel business boosts WH Smith revenues
Sharecast
Published Jan 18, 2023 08:24
Updated Jan 18, 2023 08:44
Travel business boosts WH Smith revenues
Sharecast - In an update for the 20 weeks to 14 January, the company said it delivered a solid performance, with total group revenue up 41% on the year and 20% versus 2019.
WH Smith (LON:SMWH) pointed to continued momentum across its global travel business since the start of the financial year, resulting in sales being up 48% on 2019 and 77% higher versus 2022. This is despite passenger numbers remaining well below 2019 levels, it said.
Meanwhile, the UK High Street division delivered a good performance, it said, in line with its expectations.
"We had a strong start to the year and, while there is economic uncertainty, passenger numbers globally continue to improve and this, combined with the strength of the group's growth opportunities, means that we are confident of a year of significant progress in 2023," the company said.
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