WH Smith PLC (LSE:SMWH) has revised its North America division profit expectations after identifying a £30 million overstatement in previously projected Headline trading profit, largely due to accelerated supplier income recognition. The company now expects North American Headline trading profit to reach £25 million, down from the earlier £55 million projection, with full-year Headline profit before tax anticipated at around £110 million. Deloitte has been appointed to conduct an independent review, with further updates expected at the preliminary results announcement.
While WH Smith benefits from solid financial performance and positive corporate developments—including strategic divestitures and share buybacks—valuation concerns remain due to a high P/E ratio. Technical indicators suggest neutral market sentiment in the near term.
About WH Smith
WH Smith PLC is an international travel retailer specializing in books, stationery, and convenience products, primarily operating at airports, train stations, and other travel hubs.
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