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British retailer WH Smith reported a profit for the half-year on Wednesday, following a recovery in sales at its travel stores, although the company warned of rising shipping costs due to the Ukraine conflict.
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.
