Update – North America: Revised guidance

WH Smith

21/08/2025 07:00

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 profit1 in North America. This overstatement is largely due to the accelerated recognition of supplier income2 in the North America division.

 

WHSmith now expects Headline trading profit1 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 items1 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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