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: US CPG Sales Tracker: Post-Spike Lull for CPG E-Commerce as Beauty Declines Again3Q23 US Retail Inventory Insights: Positive Factors Pave the Way for Better Inventory Turnover in the Holiday QuarterCES 2024: Pre-Conference Insights on AI, Health, Inclusivity and Sustainability—A Powerhouse Quartet of InnovationAnalyst Corner—Profit Potential for Preloved Products? A View of the US Fashion Resale Market with Sunny Zheng