Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earning Updates 4 minutesRegister for Free Access

Marks & Spencer (LSE: MKS) 1H19 Results: Food Underperforms, Clothing Improves; Company Beats Bottom-Line Expectations

#
Coresight Research

Key Points

  • 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.
Register for Free Access

Please Login to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×
Coresight Research

GET OUR DAILY INSIGHTS