Insight Report 4 minutes PremiumM&S (LON: MKS) FY16 Results: Profits Fall; Renewed Efforts to Turn Around Clothing Coresight Research May 25, 2016 Executive Summary Marks & Spencer (M&S) reported that group revenues grew by 0.8% on a 52-week basis in FY16, beating the consensus estimate. Net profit fell by 16% and diluted EPS fell by 15.9% as exceptional operating costs impacted the bottom line. Both metrics missed consensus. Comparable sales growth was weak at best across M&S’s segments, and new CEO Steve Rowe outlined his initial plans to turnaround the UK Clothing division’s performance. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: 1Q24 US Retail Inventory Insights: Inventory Turnover Ratios Improve Amid Economic ResilienceShoptalk 2023 Day Four: AI, Engagement and Omnichannel Dominate DiscussionsSustainability in Focus—Middle-Income Millennials Choose Eco-Friendly Retailers: US Consumer Survey Insights ExtraResponses to Inflation—Fewer Shoppers Are Buying Less: US Consumer Survey Insights
