WH Smith PLC SMWH Interim Management Statement

  WH Smith PLC (SMWH) - Interim Management Statement

RNS Number : 0355R
WH Smith PLC
14 November 2012












                                 WH Smith PLC



                         Interim Management Statement

                                      

                               14 November 2012

                                      



WH Smith PLC is today publishing its Interim Management Statement as required
by the UK Listing Authority's Disclosure and Transparency rules, relating to
the 10 week period from 1 September 2012 to 10 November 2012.



CURRENT TRADING



Total Group sales in the first 10 weeks of the financial year were down 3%
with like-for- like sales down 4% compared to the same period last year.



WHSmith Travel total sales were flat and like-for-like sales were down 4%.
Gross margin has increased in line with our plan and our store opening plan
continues to make good progress both in the UK and internationally.



WHSmith High Street total sales and like for like sales were down 5% in the
period. Gross margin has increased in line with our plan and costs continue to
be managed tightly.



FINANCIAL POSITION



On 23 August 2012 we announced our intention to return up to £50m of cash to
shareholders via a rolling share buyback programme. As at 13 November 2012, we
have purchased 0.9 million shares and returned £6m to shareholders.



The Group's financial position is in line with market expectations.



PROSPECTS



Whilst the current climate continues to be challenging, we remain a resilient
business and are well positioned for continued profitable growth.



                                    -ENDS-



Enquiries:



WH SMITH PLC

Mark Boyle    Investor
Relations 020 7851 8820

Nicola Hillman  Media
Relations 020 7851 8850



Brunswick

Simon Sporborg / Catriona McDermott 
020 7404 5959

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IMSBJBATMBABBPT -0- Nov/14/2012 07:00 GMT