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. 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: VIP Awards 2023 Preview: Celebrating Community and Partnership in RetailWeinswig’s Weekly: The Bounty of AI Is Just Around the CornerJuly 2023 US Retail Traffic and In-Store Metrics: Signs of a Nonfood Recovery as YoY Declines EaseApril 2023 US Housing Market Indicators: All Home Sales See Year-Over-Year Declines