WH Smith sees sharp fall in LFL sales

Bookseller and general retailer WH Smith saw like-for-like (LFL) and total sales fall in both its main divisions in the six months to the end of February but profits were up.

Bookseller and general retailer WH Smith saw like-for-like (LFL) and total sales fall in both its main divisions in the six months to the end of February but profits were up.

The group has traditionally made most of its money over this period, which includes Christmas, but today's update makes clear a rebalancing is underway, with a third of profits now expected over the next six months.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.