WH Smith on track for full year
Group total sales were down 2 per cent with like for like sales down 4 per cent for the 21 weeks 23 January 2010.
In the High Street division, like for like sales for the 11 and 21 weeks were down 5 per cent and 4 per cent respectively, while gross margin improved as expected year on year. Excluding Entertainment, like for like sales for the 11 and 21 weeks were down 1 per cent. In Travel, total sales were up 2 per cent and like for like sales down 2 per cent for the 21 weeks.
Commenting on today's announcement, Kate Swann, Group Chief Executive said: "The Group delivered a good performance during the period. We made further progress in our High Street business and our Travel business continues to perform well, despite soft passenger numbers at airports. "Although we remain cautious about consumer spending, we have planned accordingly and are confident in the outcome for the full year."
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