0811 GMT - WH Smith's acceleration in the key North America market should be well-received by investors, RBC Capital Markets analysts Richard Chamberlain and Manjari Dhar say in a note. Still, although the retailer's travel sales were in line with analysts' expectations, its high-street performance was a little softer than expected on an overall basis but better on a like-for-like basis, the analysts say. The retailer is expected to see a strong long-term travel growth along with cash returns, the analysts say. Its "forensic approach" to retailing should mean it is well-placed to expand successfully in the global travel essential retail segment, they say. Shares are up 6.55% at 1,268 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 29, 2025 03:11 ET (08:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.