Company Earnings Update 4 minutesRegister for Free AccessMarks & Spencer (LSE: MKS) FY17 Results: A Disappointing Final Quarter; Exceptional Costs Weigh on Profits Coresight Research May 25, 2017 Executive Summary M&S grew total full-year sales by 2.2% to £10.62 billion, marginally ahead of consensus and despite negative comps in its UK Clothing and Home and UK Food segments. UK Clothing and Home gross margin grew by 105 basis points on the back of more direct souring and less discounting. Unadjusted pretax profit fell 63.5%, due to £437 million of exceptional costs related to changes in pay and pensions, UK restructuring and exiting from some international markets. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Amazon Moves About $10 Billion Worth of Goods This Prime DayUS CPG Sales Tracker: Food & Beverages Category Drives Online CPG Growth’s Sequential ImprovementUS Consumer Tracker Extra: The Impact of Debt and Financial Security on Shopping HabitsUS Apparel and Beauty Spending Tracker, July 2023: Clothing and Footwear Spending Growth Accelerates, Making a Potential Turning Point
