WH Smith Pretax Profit Fall Blamed on Years of Forced Growth

RecentNews.uk

WH Smith reported an annual pretax profit drop to £76 million despite group revenue rising 5 per cent to £1.6 billion.

Chief executive leadership blamed years of past 'forced growth' for current margin pressures.

Company shares dropped 6 per cent following the announcement of the earnings report.

The retail chain faces pressure from City analysts and short sellers to demonstrate a successful turnaround strategy.

Where do you use WH Smith stores most often?

Tap below to vote and see what others think.