British retailer Marks & Spencer has forecast "further progress" in the balance of the year after reporting a better-than-expected 17.2% rise in first-half profit, helped by market share gains, adding to evidence its latest turnaround plan is working.

RTÉ

Ireland

M&S expects 'further progress' after H1 profit beat

Media Bias/Fact Check

Government of Ireland

Marks & Spencer has notched up a better-than-expected jump in half-year profits thanks to buoyant food and clothing trading, but cautioned over an “uncertain” consumer backdrop and rising costs.

Shropshire Star

MNA Media

Ketley

Shropshire

England

United Kingdom

Marks & Spencer sees profits surge, but cautions over consumer pressures

The retailer reported underlying pre-tax profits up 17.2% to £407.8 million for the six months to September 28.

All Sides

Evening Standard

Evgeny Lebedev

Alfred Harmsworth (barrister)

Geraldine Mary Harmsworth

Patricia Harmsworth, Viscountess Rothermere

Carron Greig

London

Greater London

Scotland

Marks and Spencer has reported another bumper set of results ahead of the golden quarter as its turnaround plan continues to pay off. Profit before tax rose 17.2 per cent to £407.8m, up £348.1m year on year, and operating profit rose 34 per cent to £213.1m.  Food sales rose 8.1 per cent, while higher demand for its womenswear lines pushed clothing and home sales up 4.7 per cent.  Marks and Spencer said its structural cost reductions were “on tra…

City AM

Marks and Spencer: Double-digit growth as turnaround pays off

LONDON (Reuters) –     British retailer Marks & Spencer forecast “further progress” in the balance of the year after reporting a better-than-expected 17.2% rise in first-half profit, helped by market share gains, adding to evidence its latest turnaround plan is working. After over a decade of failed revival efforts, M&S under CEO Stuart Machin is reaping the rewards of a costly programme to improve the value and quality of its food and clothing,…

Blue Water Healthy Living

Port Huron

St. Clair County

Michigan

United States

M&S expects 'further progress' after first-half profit beat - Blue Water Healthy Living

M&S half-year profits surged as clothing and food sales continued to soar, delivering their fourth consecutive year of market share growth. Profit before tax and adjusting items was up more than 17% at the retail giant for the half ended 28 September, hitting £407.8m. Sales climbed 5.8% to £6.52bn. Food revenue jumped 8.1% and adjusted operating profit in the division rose more than a third (34.5%) to £213.1m as it witnessed its “strongest value…

Retail Gazette

M&S profits soar as it sees 'strongest value perception' in a decade - Retail Gazette

M&S has welcomed “further progress” in its half-year results as profit-before-tax rose by 17.2% to £407.8m for the half-year ended 28 September 2024. Alongside this, the company’s revenues rose 5.7% to £6.48bn, up from £6.13bn in the same period last year, attributing its ‘Reshape M&S for Growth’ strategy to the strong performance. The retailer’s food sales were up 8.1% while clothing and Home sales rose 4.7%. However, the Ocado Retail joint ven…

Retail Sector

M&S profits rise by 17% in half-year results

Marks & Spencer’s half-year profits rose 17.2% to £407.8 million, well ahead of the £359 million analysts were forecasting

MoneyWeek

M&S smashes profit expectations on the back of strong food sales

The company's share price rose by nearly five per cent in early trades and reached a level not seen since 2016

business-live.co.uk

Reach plc

Revitalised Marks and Spencer sees profit surge and share price climb in transformative year

M&S expects 'further progress' after H1 profit beat

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