REG - WH Smith PLC - Update – North America: Revised guidance

WH SmithAnnouncement

21/08/2025 07:00

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RNS Number : 1676W  WH Smith PLC  21 August 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

 

WH Smith PLC

 

The global travel retailer

 

21 August 2025

 

 

Update - North America

Revised guidance

 

 

 

In preparation for the Group's year end results for the financial year ending
31 August 2025, a current financial review has identified an overstatement of
around £30m of expected Headline trading profit(1) in North America. This
overstatement is largely due to the accelerated recognition of supplier
income(2) in the North America division.

 

WHSmith now expects Headline trading profit(1) from the North America division
for the financial year ending 31 August 2025 to be approximately £25m, down
from previous market expectations of approximately £55m.

 

As a result, the Group expects full year Headline profit before tax and
non-underlying items(1) to be in the region of £110m.

 

The Board has instructed Deloitte to undertake an independent and
comprehensive review.

 

The Group will provide a further update at its preliminary results
announcement.

 

 

 

 

 

 

 

 Enquiries:

 WH Smith PLC
 Nicola Hillman  Media Relations     +44 1793 563354
 Mark Boyle      Investor Relations  +44 7879 897687

 Brunswick
 Tim Danaher                         +44 20 7404 5959

 

The person responsible for making this announcement on behalf of the Group is
Ian Houghton (General Counsel and Company Secretary).

 

(1) Pre-IFRS 16 basis

(2) The Group receives supplier income in the form of supplier incentives and
discounts. These incomes are recognised as a deduction from cost of sales on
an accrual basis as they are earned for each supplier contract.

 

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