Company Earnings Update 4 minutesRegister for Free AccessMarks & Spencer (LSE: MKS) 1H19 Results: Food Underperforms, Clothing Improves; Company Beats Bottom-Line Expectations Coresight Research November 8, 2018 Executive Summary In 1H19, Marks & Spencer (M&S) reported a slightly improved performance in its UK Clothing & Home segment, as it seeks to reshape its clothing offering with streamlined ranges that will help it to recapture family-lifestage shoppers. The UK Food segment turned in a disappointingly deep fall in comparable sales, impacted by a pivot away from promotions in favor of lower prices. Adjusted pretax profit was up 2.0% year over year and ahead of the consensus estimate of £200.5 million. 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: Earnings Insights 4Q22, Week 5: Floor & Decor, TJX and Walmart Post Solid Sales Momentum; Alibaba and Home Depot See Slowed GrowthMetaverse Pioneers: Learnings for Fashion Brands from the Web 3.0 Strategies of Adidas and NIKEIndia’s Post-Pandemic Retail Revival: Five Key Trends Signaling the Brick-and-Mortar ComebackWeinswig’s Weekly: What’s Happening with US Retail Inventories?
