WH Smith ( (GB:SMWH) ) has provided an update.
WH Smith PLC has announced the sale of its UK High Street business to Modella Capital, shifting its focus entirely to the travel retail sector. This strategic move allows WH Smith to concentrate on its rapidly growing Travel business, which already accounts for 75% of the Group’s revenue and 85% of its trading profit. The transaction is expected to enhance the company’s financial profile by improving revenue growth, profit margins, and shareholder value. With a strong presence in structurally advantaged growth markets, WH Smith is well-positioned to capitalize on increasing passenger numbers and airport infrastructure investments, ensuring substantial growth and value for its stakeholders.
More about WH Smith
WH Smith PLC is a global travel retailer with a focus on travel retail markets, operating over 1,200 Travel stores across 32 countries. The company specializes in travel essentials, including food and drink, health and beauty, and tech accessories, primarily targeting airports, hospitals, and rail stations.
YTD Price Performance: -6.55%
Average Trading Volume: 228,933
Technical Sentiment Signal: Buy
Current Market Cap: £1.38B
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