Insight Report 4 minutes PremiumMarks & 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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Retail Shrink and ORC: Legislative Momentum Grows and New Tech Solutions Emerge To Tackle TheftGenerative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AIThree Things You Need To Know: DNVBs in the US Beauty MarketRetail-Tech Landscape: Generative AI Applications
