# WHSmith cuts profit outlook after £30m overstatement in North America

- Link: https://www.directorstalkinterviews.com/whsmith-cuts-profit-outlook-after-30m-overstatement-in-north-america/4121212859
- Published: 2025-08-21T07:27:00+01:00
- Author: Amilia Stone

In preparation for the **WHSmith Plc** (LON:SMWH) year end results for the financial
year ending 31 August 2025, a current financial review has identified an overstatement
of around £30m of expected Headline trading profit^(1) in North America. This overstatement
is largely due to the accelerated recognition of supplier income^(2) in the North
America division.

WHSmith now expects Headline trading profit^(1) from the North America division 
for the financial year ending 31 August 2025 to be approximately £25m, down from
previous market expectations of approximately £55m.

As a result, the Group expects full year Headline profit before tax and non-underlying
items^(1) to be in the region of £110m.

The Board has instructed Deloitte to undertake an independent and comprehensive 
review.

The Group will provide a further update at its preliminary results announcement.

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