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WH Smith PLC (GB:SMWH)
LSE:SMWH
Earnings Data
Report Date
Apr 29, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: the group delivered solid top-line growth, strong EBITDA and notable outperformance in key areas such as UK operations and North America Travel Essentials, and management secured refinancing and reiterated disciplined capital allocation. However, material issues in North America (supplier income reductions, inventory adjustments, lower-than-expected profit), significant impairments and one-off costs, elevated net debt/leverage and a newly announced FCA investigation are meaningful negatives. Management has set clear remedial actions and medium-term plans, but near-term profitability and balance-sheet pressure temper the outlook.Company Guidance
Group revenue growth and like-for-like momentum
Total group revenue increased 5% y/y to GBP 1.6bn, with group like-for-like revenue up 5% for the year and +3% in the 13 weeks to 31 Aug; constant currency revenue was up 7%.
Strong cash generation and EBITDA
Headline EBITDA of GBP 187m for the year and generated positive free cash flow drivers (EBITDA GBP 187m, underlying CapEx GBP 81m, working capital inflow GBP 4m).
UK division performance
UK revenue up 5% to GBP 834m and headline trading profit increased 7% to GBP 130m; UK like-for-like sales +3% with Air +7% LFL, Hospitals +4% LFL and Rail +4% LFL.
North America Travel Essentials outperformance
Travel Essentials in North America grew 19% on a constant currency basis (7% like-for-like) and now accounts for ~55% of North America revenue (up from 37% in 2022); Travel Essentials generates ~10% trading profit margin on a fully allocated basis.
Rest of World expansion and like-for-like growth
Rest of the World total revenue up 12% (constant currency) and like-for-like revenue +7%, supported by new openings; focus moving to franchise model to drive less capital‑intensive growth.
Refinancing completed to secure near-term funding
Convertible bond refinancing executed: GBP 200m USPP notes, GBP 120m 3-year bank term debt and a GBP 200m backstop facility put in place to provide repayment surety ahead of USPP completion.
Dividend and capital allocation discipline maintained
Board proposed final dividend 6p (full year 17.3p), continuing dividend policy (2.5x cover); disciplined capital allocation with FY26 CapEx guidance ~GBP 90m and priority on return-on-capital.
GB:SMWH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:SMWH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Dec 19, 2025 | 685.00p | 637.00p | -7.01% |
Apr 16, 2025 | 940.57p | 931.67p | -0.95% |
Nov 14, 2024 | 1262.98p | 1223.18p | -3.15% |
Apr 25, 2024 | 1209.87p | 1136.78p | -6.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does WH Smith PLC (GB:SMWH) report earnings?
WH Smith PLC (GB:SMWH) is schdueled to report earning on Apr 29, 2026, TBA (Confirmed).
What is WH Smith PLC (GB:SMWH) earnings time?
WH Smith PLC (GB:SMWH) earnings time is at Apr 29, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of WH Smith PLC stock?
The P/E ratio of WH Smith is N/A.
What is GB:SMWH EPS forecast?
GB:SMWH EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.