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WH Smith Cuts Profit Outlook Citing Middle East Conflict Among Other Pressures

WH Smith cut its profit forecast after sales slowed amid fallout from the Middle East conflict. The company cited weaker demand in affected markets.

Bloomberg
1 source·Jun 10, 3:21 AM·1m read
WH Smith Cuts Profit Outlook Citing Middle East Conflict Among Other Pressuresrte.ie
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WH Smith lowered its profit outlook after sales declined due to the effects of the conflict in the Middle East. The company said the regional instability reduced customer traffic and spending at its locations. The revised forecast reflects slower sales growth in markets directly impacted by the conflict.

WH Smith operates travel retail outlets and high-street stores across multiple countries. The profit adjustment follows a period of steady performance earlier in the year. Company executives linked the change directly to reduced passenger volumes and weaker consumer confidence in the affected region.

The announcement came as broader travel and retail sectors monitored developments in the Middle East. WH Smith did not provide a new numerical profit target in the initial statement. The update marks the first time the retailer has tied its guidance explicitly to the current conflict.

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