![]() ![]() The rest of our International business is also expected to be approximately 20% lower. "On the same basis, including significant reductions in March and April, second half revenue in the US is expected to be approximately 20% lower than our expectations. "For UK Travel, we expect revenue for the six months to be down approximately 15% on expectations which includes airports, our most affected channel, down 35% in March and April. ![]() In the UK which accounts for about 60% of the division's revenue, the US, which accounts for about 25% of revenue and in Europe. In Asia Pacific, which accounts for about 5% of its travel division's revenue, it said it had seen a "significant impact on the business since February".Īnd over the last two weeks, it had started to see a "material reduction" in passenger numbers at airports outside of Asia Pacific. It said it had been monitoring the financial impact of Covid-19 since the outbreak began across both its travel division, which includes airport and railway station outlets, and its High Street business. We use necessary cookies to make our site work. WH Smith has issued a sales and profit warning in the light of the impact of coronavirus on its business. WH SMITH PLC SMWH Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals London Stock Exchange uses cookies to improve its website. Today’s estimates only partially reflective of the level of damage that could Trump’sģ0-day European travel ban only makes things worse and threatens to make Revenues and will result in a material decline in profits this year. ![]() Rapid decline in footfall at travel sites because of the coronavirus is hitting Job of pivoting away from the struggling British High Street to drivingĪll its revenue and profit growth from airports and train stations," said chief market analyst Neil Wilson. "You have to feel a little little sorry for a company that has done a brilliant Shares in retailer WH Smith opened about 17% lower, although they've subsequently recovered some ground and are trading about 12% lower in mid-morning trade.Įarlier, the retailer whose travel division has outlets in airports and railway stations in Asia Pacific, the UK, Europe and the US, as well as its High Street stores, issued a sales and profit warning in the light of the potential impact of coronavirus on its business. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |