WH Smith
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WH Smith (SMWH) investor relations material

WH Smith Q1 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 TU earnings summary5 Mar, 2026

Executive summary

  • Solid first half performance with total revenue up 5% on a constant currency basis versus the prior year.

  • On track to deliver full-year Group guidance.

Financial highlights

  • Group revenue increased 5% year-over-year on a constant currency basis for the 26 weeks to 28 February 2026.

  • UK revenue up 2% with like-for-like (LFL) revenue also up 2%.

  • North America revenue up 10%* and LFL revenue up 1%.

  • Rest of the World revenue up 8%* and LFL revenue up 6%.

Outlook and guidance

  • Group is on track to meet full-year guidance.

  • Geopolitical uncertainty in the Middle East is being monitored for its impact on passenger numbers.

  • Continued focus on strategic priorities, cost, and cash discipline.

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Expected recovery from Heathrow flagship openings
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