Company Earnings Update 3 minutesRegister for Free AccessMARKS & SPENCER FIRST HALF DASHES HOPES OF RECOVERY IN APPAREL Coresight Research November 4, 2015 Executive Summary Group sales were up 1.4% at constant exchange rates, or 1.0% in British pounds. UK general merchandise sales were down 0.4%, with comps down 1.2%. UK food revenues were up 3.3%, with comps up 0.2%. Gross margin on general merchandise climbed 285 basis points, due to sourcing gains and less discounting. Underlying operating profit was up 3.8% and underlying profit before tax was up 6.1%. Basic earnings per share were up 4.9%, to 14.1p. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2024, Week 26: UK Store Openings Up 20% Versus Last YearCES 2023 Day Two: Deborah Weinswig Presents Key Opportunities for Retailers in the Face of Brisk HeadwindsConsumers’ Appetite For Luxury in a Post-Zero-Covid ChinaResponses to Inflation—Fewer Shoppers Are Buying Less: US Consumer Survey Insights
