WHSmith like many other retailers have experienced a successful trading season over Christmas 2016. New figures released by WH Smiths have revealed total sales increased by 2% on 2015.
It seems that all of WHSmith’s Christmas wishes have come true after enjoying a successful festive season in 2016.
Commenting on today’s announcement, Stephen Clarke, Group Chief Executive said:
“The Group has delivered a strong performance over the 21 week period with total sales up 2% and like for like sales up 1%.“
In Travel, we have delivered good sales growth across all our key channels in the period. This was driven by ongoing investment in the business and continued growth in passenger numbers, particularly in our airport stores over the Christmas holiday period.
In High Street, we saw another good performance with sales in line with expectations driven by our new seasonal stationery ranges and spoof humour books.
“As a result of the performance in Travel we expect Group profit growth for the year to be slightly ahead of plan.“
I would like to take this opportunity to thank all of our colleagues across the Group for their continued hard work and contribution. Without their ongoing support we would not be able to achieve these results.“
Stephen continued by talking of a bright future for the company:
“Looking ahead, 2017 is a significant year for us as we celebrate the 225th anniversary of our first store opening in 1792.
While there is some uncertainty in the broader economic environment, we remain confident that the Group is well positioned for the year ahead as we continue to focus on profitable growth, cash generation and investing in new opportunities.”
Congrats WHSmith! We wish you even more growth in 2017!
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