WH Smith Reports H1 Revenue Growth Amid Profit Decline and Strategic Restructuring
WH Smith reported a 5% increase in H1 revenue to £748m, but headline PBT fell to £3m due to operational disruptions and inflation. The company suspended its dividend and outlined a focus on cost reduction, cash generation, and balance sheet strength under new Executive Chairman Leo Quinn.
Topics: cost reduction deleveraging dividend suspension earnings profit decline revenue growth store refurbishment