WH Smith's interim profit dips as high street business sags
Reuters
Published Apr 12, 2018 07:48
WH Smith's interim profit dips as high street business sags
(Reuters) - British books, newspaper and stationery retailer WH Smith Plc (L:SMWH) reported a 1 percent drop in interim pretax profit as its high street business continues to sag under pressure from broader softness in the UK retail market.
WH Smith, which has over 1,300 stores, primarily in the UK, said group pretax profit for the six months to Feb. 28 fell 1 percent to 82 million pounds.
Total revenue from its high street business was down 5 percent with comparable sales falling 4 percent.
However, total sales at its travel arm, made up of outlets at airports, railways stations, motorway services, hospitals and workplaces, rose 7 percent for the interim period.
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Written By: Reuters
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