Here is a summary of the trading update for WH Smith PLC as of June 4, 2025
WH Smith PLC, a global travel retailer, has released its trading update for the 13-week period ending May 31, 2025. The company reports strong performance in its global travel business, with a 7% total travel revenue increase on a constant currency basis compared to the previous year. The groups revenue growth is attributed to its Travel UK, North America, and Rest of the World divisions.
In the UK division, total revenue increased by 5% year-over-year, with a 6% increase in like-for-like (LFL) revenue. This growth is seen across Air, Hospitals, and Rail channels. WH Smith has also invested in refurbishing stores and introducing new formats.
The North America division saw a 7% total revenue increase on a constant currency basis, with a 2% LFL revenue increase. The Air business, combining Travel Essentials and InMotion, performed well with a 4% LFL revenue increase and a 9% constant currency total growth.
The Rest of the World business also showed promising progress, with a 12% total revenue increase on a constant currency basis and a 7% LFL increase as passenger numbers improve.
WH Smith also mentions the sale of its UK High Street business to Modella Capital, which is on track to be completed by the end of June 2025.
Looking ahead, despite economic and geopolitical uncertainties, WH Smith is well-positioned for the peak summer trading period. The company intends to focus on cost and cash discipline while capitalizing on value-creating opportunities in its markets.