Business
Update – North America: Revised guidance
WH Smith PLC issued an RNS announcement on August 21, 2025, revising its financial guidance. A review revealed an overstatement of approximately £30 million in expected headline trading profit for the North America division, primarily due to accelerated recognition of supplier income. This results in revised headline trading profit expectations of approximately £25 million for the North America division (down from £55 million), and full-year headline profit before tax and non-underlying items is now expected to be around £110 million. An independent review by Deloitte has been initiated. Disclaimer*
About this update from Wh Smith Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \nWH Smith PLC\n \nThe global travel retailer\n \n21 August 2025\n \n \nUpdate - North America\nRevised guidance\n \n \n \nIn preparation for the Group's year end results for the financial year ending 31 August 2025, a current financial review has identified an overstatement of around £30m of expected Headline trading profit1 in North America. This overstatement is largely due to the accelerated recognition of supplier income2 in the North America division.\n \nWHSmith now expects Headline trading profit1 from the North America division for the financial year ending 31 August 2025 to be approximately £25m, down from previous market expectations of approximately £55m.\n \nAs a result, the Group expects full year Headline profit before tax and non-underlying items1 to be in the region of £110m.\n \nThe Board has instructed Deloitte to undertake an independent and comprehensive review.\n \nThe Group will provide a further update at its preliminary results announcement.\n \n \n \n \n \n \n \n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWH Smith PLC\n\n\n\n\n\n\n\n\n\n\nNicola Hillman\n\n\nMedia Relations\n\n\n+44 1793 563354\n\n\n\n\nMark Boyle\n\n\nInvestor Relations\n\n\n+44 7879 897687\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBrunswick\n\n\n\n\n\n\n\n\n\n\nTim Danaher\n\n\n\n\n\n+44 20 7404 5959\n\n\n\n\n \nThe person responsible for making this announcement on behalf of the Group is Ian Houghton (General Counsel and Company Secretary).\n \n1 Pre-IFRS 16 basis\n2 The Group receives supplier income in the form of supplier incentives and discounts. These incomes are recognised as a deduction from cost of sales on an accrual basis as they are earned for each supplier contract. \n \n\n","length":6946,"tagName":"div"}]