Strong summer travel forecasts boost WH Smith’s prospects
High Street stationer WH Smith has forecast higher full-year profit as it bets on strong travel demand during the summer.
Total group revenue for the 13-week period ended May 27 was up 23% year-on-year. The company says leisure and business travel are back to pre-pandemic levels, boosting sales at stores in transit locations.
Still, high costs in an uncertain economic environment continue to loom over the broader retail sector.
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