Trading Update for the 14 Week Period to 4 June 2016
In the 14 week period from 1 March to 4 June 2016 total Group sales were up 2% with like-for-like sales flat. In our Travel business total sales were up 9% and like-for-like sales were up 3%, in line with expectations. This sales performance reflects our ongoing investment in the UK business and the improvement in passenger numbers. We made further progress actively managing our space to best meet the changing needs of our customers and landlords. Gross margin increased in line with plan. Our new store opening programme is progressing well in both the UK and internationally, where we continue to win additional new units. In our High Street business we continue with our profit focused strategy, with sales in the period in line with expectations. Total sales were down 4% and like-for-like sales down 3%. Gross margin improvement and cost savings have been delivered in line with plan. We generate high levels of cash from our operations. As of 7 June 2016, we have purchased 1.7m shares and returned to shareholders £29m of the up to £50m share buyback announced in October 2015. Looking ahead we continue to focus on profitable growth, cash generation and investing in the business to position us well for the future. We remain confident in the outcome for the full year. - ENDS -
Jun 8, 2016 - Gross margin increased in line with plan. ... High Street business we continue with our profit focused strategy, with sales in ... Media Relations.
Jun 3, 2015 - In our Travel business total sales were up 8% in the period with ... margin improvement and cost savings have been delivered in line with plan.
Jun 3, 2015 - sales also down 4%, in line with expectations and our profit focused strategy. Gross margin improvement and cost savings have been delivered in line with plan. We will continue to focus on ... Media Relations. 020 7406 6350.
Oct 13, 2016 - âIn the High Street business, our profit focused strategy continues to deliver .... through focusing on improved execution and customer service;.
Jan 25, 2017 - was driven by ongoing investment in the business and continued growth in passenger numbers ... Without their ongoing support we would not be able to achieve ... London, WHSmith celebrates its 225th anniversary this year.
Jan 25, 2017 - was driven by ongoing investment in the business and continued ... another good performance with sales in line with expectations driven by our ...
Oct 13, 2016 - âIn the High Street business, our profit focused strategy continues to deliver .... weighted average number of shares in issue following the share buyback. ... have returned over £800m of cash to shareholders and reduced our .... ma
Nov 14, 2013 - Total Group sales in the first 10 weeks of the financial year were down 3% with ... continues to be uncertain, we remain a resilient business and.
Nov 14, 2013 - margin has increased in line with our plan and our store opening plan ... climate continues to be uncertain, we remain a resilient business and.
Apr 12, 2017 - The distinct strategies of our Travel and High Street businesses have been ... buyback announced on 13 October 2016 and the declared interim ...... additional useful information on the underlying trends, performance and ...
Apr 12, 2017 - âIn our growing international business, we have now won 255 stores ..... Following further investment in the website and apps we have seen ...
Apr 13, 2016 - Return of payment on account to HMRC ... account received from HMRC in 2010 relating to a historical commercial structure which was put in.
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Jun 22, 2016 - In case of queries kindly call on 1800 266 0053. For and on behalf of. National Stock Exchange of India Ltd. Khushal Shah. Chief Manager.
Jun 20, 2016 - June 23 referendum in the United Kingdom on staying in the European Union has affected the economic outlook in. Europe; and in the U.S., job growth has slowed and business investment remains soft. Page 3 of 4. June 2016 Forecast_Final.
Aug 11, 2017 - LOXLEY: BUY-4.00 ..... Disclosure: List of companies that intend to join Thailand's Private Sector Collective Action Coalition .... Email Address.
I joined the chemistry department as assistant professor in Fall. 2015, after a long stay in Germany at the Max Planck Institute. for Polymer research. I graduated ...
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