WH Smith Plc. (SMWH.L) announced a significant decrease in expected Headline trading profit for its North America division, now projected to be around 25 million pounds for the financial year ending August 31, 2025. This revision follows a financial review revealing an overstatement of approximately 30 million pounds, mainly due to accelerated recognition of supplier income. The Group anticipates full year Headline profit before tax and non-underlying items to be approximately 110 million pounds. An independent review by Deloitte has been initiated by the board in response to the situation. Visit rttnews.com for more earnings news and updates.

Read more at Nasdaq: WHSmith Slashes FY25 North America Division Profit Forecast Following Accounting Review