Company Earnings UpdateMarks & 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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikAnalyst Corner: Chinese Consumers Still Embrace International Brands—If Those Brands Deliver: Three Key Findings from a New Study, with John HarmonJune 2025 US Retail Sales Outlook: Projecting Solid Growth as Consumer Sentiment Continues to RecoverWeekly UK Store Openings and Closures Tracker 2025, Week 47: Store Openings Exceed 1,500
