WH Smith warns slow tourism and travel recovery will dent profits

WH Smith operates a number of shops in Irish airports. Its 2022 pre-tax profit was expected to be in the range of €81m to €156m.

British newsagent and stationery retailer WH Smith has warned its 2022 profit is likely to be at the lower end of market expectations due to a slow and uncertain recovery in global tourism squeezing its stores in travel hubs like airports and train stations.

The company operates a number of shops in Irish airports. Its 2022 pre-tax profit was expected to be in the range of £70m to £135m (€81m to €156m).