WH Smith Azioni Crash dopo l’errore di contabilità di £ 30 milioni del rivenditore
https://www.theguardian.com/business/2025/aug/21/wh-smith-cuts-profit-forecasts-after-30m-accounting-error
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WH Smith Azioni Crash dopo l’errore di contabilità di £ 30 milioni del rivenditore
https://www.theguardian.com/business/2025/aug/21/wh-smith-cuts-profit-forecasts-after-30m-accounting-error
di printial
12 commenti
WH Smith has always been the go to place for pocket calculators. I’m not sure what went wrong for them.
No shit.
It turns out lying to investors in your yearly financial performance documents means they don’t trust your other financials.
That and it’s a criminal offence.
Serves them right for charging three times the going rate for Freddos
Interesting this is in America – I often wondered who ran the perversely expensive shops inside US theme parks – turns out it is WH Smith with an extension of their train station newsagent business model.
How tf are WH Smith’s shares worth 6 quid and BT shares trade around 2 quid – can’t get my head around that
>an accounting blunder that led it to overstate profits by £30m
Somebody scanned an extra 500ml Evian and a Dan Brown novel through the till at a train station.
WH Smith is such a strange business when you really think about it. I’m actually not 100% sure how you’d describe it. I mean, think of what kind of stuff they sell. A mixture of books, magazines, stationery, maps, and (inexplicably) gigantic-sized versions of regular chocolate bars.
So what is it? It’s not really a book shop, at least not in the same way as Waterstones. It’s too limited in stock to be a “proper” chain of small grocery shops/newsagents like Spar, but it’s also too broad and general to be a proper hobbyist shop.
The fact the business is dying makes perfect sense when not many people are in the mood to buy an Ordinance Survey Map, a magazine telling you how to build a model WWII fighter plane (part 1 of 150), and a giant Cadbury Dairy Milk. I think I’d actually be a bit scared of this hypothetical ideal customer of WH Smith, if they do indeed exist somewhere.
To fix this, they’re gonna need to sell a lot of half price chocolate oranges.
Woah…that’s not a typical headline exaggeration..
It’s down 40%+ in 24hrs. Ouch.
WH Smith? Never heard of them. Heard there’s a great new shop called TG Jones though.
I wouldn’t be surprised if it turns out to be a formula error in an Excel spreadsheet.
They were a industry that has largely been canalised by the internet, I used to love going there and getting the BMX magazines you couldn’t get anywhere else.
Now it’s diverted to just selling in transport hubs where they their customers are largely captive so they can charge huge profit margins.
Their old business model died because of technology and they’ve adapted, not much more to it.