WH Smith, which has stores in travel hubs and sells everything from books and sandwiches to Bluetooth headphones, said revenue from its travel business was at 114% of pre-pandemic levels in the eight weeks to April 23.
British retailers, including WH Smith, are seeing a rebound in sales driven by outbound leisure travel, but are now navigating lower consumer spending, rising inflation and supply chain issues.
The London-listed company also said it does not have operations in Russia, Ukraine or Belarus, but it could take a hit from rising costs of shipping goods.
It now aims to rein in costs after having restructured its cost base amid the recovery.
WH Smith posted a headline group profit before tax and non-underlying items of 14 million pounds ($17.6 million) for the six months ended Feb. 28, compared with a loss of 19 million pounds a year earlier.