Half Year 2024 WH Smith PLC Earnings Call Transcript - Thomson StreetEvents

Half Year 2024 WH Smith PLC Earnings Call Transcript

Half Year 2024 WH Smith PLC Earnings Call Transcript - Thomson StreetEvents
Half Year 2024 WH Smith PLC Earnings Call Transcript
Published Apr 25, 2024
15 pages (10867 words) — Published Apr 25, 2024
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Abstract:

Edited Transcript of SMWH.L earnings conference call or presentation 25-Apr-24 8:00am GMT

  
Brief Excerpt:

...Good morning, everyone. I'm Carl Cowling, Group CEO, and I'm here with Robert Moorhead, our Group CFO and COO. It's great to see those of you here in person, and welcome to everyone who has joined the webcast. As usual, we will give you an update on our performance for the six months ending February 29, 2024, and will also run through the highlights and important strategic growth opportunities for the group. In a moment, I will hand over to Robert, but let's start with an overview of the half and turning to slide 3 (sic - "slide 4"). We have a clear strategy to continue to build a world-class global travel retail business, and this is being executed well. As a result, we have delivered another good half, delivering profits of GBP46 million with total group revenue up 8%, and we continue to invest for further growth. And I'm particularly pleased with our performance in Travel UK in the half, which grew its profit by 19%. We continue to see strong momentum across all our markets as we benefit...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
WH Smith PLC
Ticker
SMWH.L
Time
8:00am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Jonathan Pritchard - Peel Hunt - Analyst : Thanks. Hi. Jonathan Pritchard from Peel Hunt. Firstly, a question on Resorts. You haven't mentioned that at all. But I'd imagine you had a pretty bumper first half. Vegas had Grand Prix, Super Bowl, the U2 thing opening. Were you able to take advantage of those sort of slight one-offs and then leverage into profitability? Because you haven't mentioned that, so I wonder what whether that move forward at all and what the prospects are there? Secondly, how much better the gross margins in the one-stop shops versus the rest of the chain? And then closures, still quite a lot of closures. I understand in the states that commonly you'll be shutting a small unit and open a bigger one, that's fine. But Rest of World, 22 closures seems quite a big number, and that's on top of a quite a big number in the last few years. So what are those, probably Rest of the World closure is going to come to an end?

Table Of Contents

Full Year 2025 WH Smith PLC Earnings Call Transcript – 2025-12-19 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 19-Dec-25 8:30am GMT

Half Year 2025 WH Smith PLC Earnings Presentation Transcript – 2025-04-16 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 16-Apr-25 7:15am GMT

WH Smith PLC Sells UK High Street Business to Modella Capital Ltd Presentation Transcript – 2025-03-28 – US$ 54.00 – Edited Transcript of SMWH.L M&A conference call or presentation 28-Mar-25 8:15am GMT

Full Year 2024 WH Smith PLC Earnings Presentation Transcript – 2024-11-14 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 14-Nov-24 8:15am GMT

Full Year 2023 WH Smith PLC Earnings Presentation Transcript – 2023-11-09 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 9-Nov-23 10:59am GMT

Half Year 2023 WH Smith PLC Earnings Call Transcript – 2023-04-20 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 20-Apr-23 8:00am GMT

Preliminary Full Year 2022 WH Smith PLC Earnings Presentation Transcript – 2022-11-10 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 10-Nov-22 9:00am GMT

Half Year 2022 WH Smith PLC Earnings Call Transcript – 2022-04-27 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 27-Apr-22 8:00am GMT

Preliminary 2021 WH Smith PLC Earnings Presentation Transcript – 2021-11-11 – US$ 54.00 – Edited Transcript of SMWH.L earnings conference call or presentation 11-Nov-21 9:00am GMT

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MLA:
Thomson StreetEvents. "Half Year 2024 WH Smith PLC Earnings Call Transcript" Apr 25, 2024. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2024-WH-Smith-PLC-Earnings-Call-T15999365>
  
APA:
Thomson StreetEvents. (2024). Half Year 2024 WH Smith PLC Earnings Call Transcript Apr 25, 2024. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2024-WH-Smith-PLC-Earnings-Call-T15999365>
  
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