WH Smith Lowers Profit Outlook Amid Travel Disruptions
WH Smith cut its profit forecast and suspended dividends today as the Iran war hits air travel. Shares fell as passenger numbers and airport spending declined.
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WH SMITH PLC cut its annual profit forecast to £90M-£105M and suspended its dividend on Thursday. Shares fell 17% in the United Kingdom as conflict in Iran reduced global air travel. Travel hubs generate the bulk of WH Smith margins, making the stock a direct proxy for geopolitical aviation volatility.
WH Smith shares hit a one-month low of 521.5 pence on Thursday. WH Smith lowered its pre-tax profit guidance from a previous range of £100M to £115M. Reuters reported this revision sits below the £104M average estimate compiled by company analysts.
