13-Week sales rose:
WH Smith said today that its sales rose 4% in the 13 weeks to June 2, as growth in its travel business outweighed a decline in its high-street stores
The newsagent and stationery retailer said total sales rose 1% on a like-for-like basis from the prior year
Travel business, sales were up 8% and like-for-like sales increased 3%. WH Smith said it benefited from continued investment and increased passenger numbers
On target to open between 15 and 20 new units in the U.K. during the year.
Internationally, the company said it will open eight new units in Madrid airport over the summer, bringing its total to 282 units
In its high-street business, WH Smith said both total and like-for-like sales were down 1%. The company said its gross margin continues to improve and that cost savings are in line with expectations
52 week range: 1664p – 2347p
As of 10.30am the stock was trading up c.5.6% at c.2090p