WH Smith PLC (LSE: SMWH)

WH Smith PLC (LSE: SMWH) is an FTSE 250 index listed travel retailer that offers books, newspaper, stationery, and entertainment products.

The Company will release FY23 results on 09 November 2023.

Pre Close FY23 Trading Update (for the twelve months ended 31 August 2023, released on 06 September 2023)

• Top-Line Business: The travel division drove revenue growth of around 28% during FY23. The recovery in passenger numbers across all the key travel markets boosted the business since second half of 2022.
• UK Business: For UK Division, the Company has witnessed continued strength in air passenger numbers in the peak holiday season. SMWH has opened 20 new stores, including 8 new stores in hospitals. Moreover, the Company has plans to open over 15 new stores during FY24.
• Expansion in Travel Business: The Company anticipates opening more than 80 new stores across all its Travel businesses during FY24, illustrating the growth prospects in Travel across all the geographical markets.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

WH Smith PLC (LSE: SMWH) was trading at the current market price of GBX 1,389.00 (as of 07 September 2023, 12:31 PM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 07 September 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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