Company Earnings UpdateM&S (LSE: MKS) FY19 Results: Changing Faster with Ocado JV and Further Store Closures Coresight Research May 23, 2019 Executive Summary M&S reported FY19 total sales of £10.4 billion, down 3.0% year over year, and roughly in line with the consensus estimate by StreetAccount. The company reported adjusted diluted EPS of 25.4 pence, down 8.6% year over year, beating the consensus estimate of 24.8 pence. For fiscal 2020, the company expects UK food and clothing & home gross margin to change by (25) bps – 25 bps, and expects UK operating costs to decrease about 1%. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Luxury Shopping in Focus; Sentiment Slumps Overall Amid Tariffs: US Consumer Survey InsightsKohl’s CEO Removal—Why It Happened and What It Means for US Department StoresUS Grocery Retailing—Real Estate Insights: Value and Specialty Grocers Drive Polarized Expansion2026 Sector Outlook: US Grocery Retailing—Volume Growth To Remain Constrained amid Cautious Consumer Spending
