Insight ReportMarks & Spencer (LSE: MKS) 1H18 Results: Clothing Better, Food Weak and a Five-Year Plan to “Make M&S Special Again” Coresight Research November 9, 2017 Executive Summary Marks & Spencer (M&S) reported group revenues of £5.13 billion for the first half of fiscal 2018, up 2.6% year over year and marginally ahead of the consensus estimate. The long-struggling UK Clothing and Home segment posted sequentially strengthening comparable sales growth. Comps of (0.7)% in 1H18 were split as (1.2)% in 1Q18 and (0.1)% in 2Q18. UK Food comps remained weak relative to an inflationary grocery market and historical segment performance. Comps were down 0.1% in 1H18, declining by 0.1% in both 1Q18 and 2Q18. The company announced a new five-year transformation plan that accelerates its store closure and resizing program. 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: Financial Sentiment Turns Negative; Tariff Pessimism Deepens; Inflationary Trade-Down Persists: US Consumer Survey InsightsUS CPG Sales Tracker: In-Store Sales Recover; Beauty Leads Growth; Online Grocery Remains StrongWeekly US Store Openings and Closures Tracker 2025, Week 17: Announced Closures Up 90% Year Over Year; JD Sports Reveals Global Store PlansInnovator Profile: Relocalize—Hyper-Local Production with Autonomous Micro-Factories to Cut Costs and Reduce Waste
