Marks & Spencer Ignites Profit Fire on Food Sales
Good news for your wallets! Marks & Spencer has posted a tidy profit boost thanks to a hearty uptick in food sales over the last half‑year. Shareholders will even get a dividend—a welcome treat in these times.
What’s The Scoop?
- Food sales up 25% during the Christmas period, compared to the same stretch last year. Customers are lining up for the festive menu, and the numbers show it.
- For the six months ending 30 September, the retailer earned a pre‑tax profit of £325.6 million, comfortably surpassing analysts’ estimate of around £276 million.
- Revenues hopped 10.8% to £6.13 billion, with a 14.7% rise in food sales two‑folding the grocery impact.
Inside the CEO’s Playbook
Chief Executive Stuart Machin highlights that the company’s strategy to sharpen the M&S brand for growth is paying off. He says:
“We’re staying laser‑focused on trusted value, delivering top‑quality items at the best prices. Sure, challenges are on the horizon, but the trajectory is premium and we’re in the driver’s seat.”
Analyst Perspective
Peel Hunt equity analyst Jonathan Pritchard adds:
“Marks & Spencer is on a solid recovery path. The food range is the best it’s ever been, and retail lines are getting stronger—though they’re still a ways to go. The cost‑saving drive has strongly supported profit growth, and there’s potential overseas.”
Want The Latest?
If you’re keen to stay in the loop over M&S and other retail headlines, sign up for updates on your device. No fuss, just timely insights right to your screen.
