20th Aug 2015 06:12
LONDON (Alliance News) - WH Smith PLC on Thursday said that it expects its full-year results to be slightly ahead of analyst expectations after both its Travel and High Street business performed well in the second half of the year.
The books and stationery retailer said that its Travel business continued to deliver a strong performance with good sales across all of its core channels in the second half of the year. It said this was due to investments in its "key business initiatives" and growth in passenger numbers, adding that the new store opening programme both in the UK and overseas is on track.
WH Smith said that its High Street business also performed in line with expectations, with sales slightly ahead driven by some favourable publishing in books. It added that it continues to deliver gross margin improvements and planned cost savings in line with its profit-focused strategy.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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