WH Smith hits 17-year low as profit outlook hits bottom of forecast range
16/09/2026 08:52
BUZZ-WH Smith hits 17-year low as profit outlook hits bottom of forecast range ** Shares of British travel retailer WH Smith SMWH.L falls as much as 4.6% to 346p; hitting its lowest since March 2009
** Co expects FY headline PBT of about £75 mln ($101 mln), at the bottom end of its previous forecast range of £75 mln-£90 mln
** FY group revenue rises 5%, while like-for-like sales up 2%
** WH Smith plans to exit Netherland markets after expiry of lease in 2027
** The travel retailer has previously cut its outlook twice this year
** Analysts at RBC say, "WH Smith has fairly waterfront coverage in the UK but only about 3% share internationally, so should have plenty of room for expansion including in the US".
** As of last close, SMWH down ~43.2% YTD
($1 = 0.7418 pounds)
(Reporting by Atharva Singh in Bengaluru)
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