LONDON, Jan 13 (Reuters) - British retailer Marks & Spencer
on Thursday nudged up its profit outlook after it
reported a strong Christmas performance, particularly in food,
where it outperformed the market.
M&S, Britain's most famous stores group which is recovering
from a decade of decline, said it now expected full-year profit
before tax and adjusted items to be at least 500 million pounds
($686 million) compared to previous guidance of about 500
It said food sales increased 12.4% against its pre-pandemic
performance two years ago in the 13 weeks to Jan. 1. Clothing
and home sales rose 3.2% on the same basis.
($1 = 0.7293 pounds)
(Reporting by Paul Sandle; Editing by Kate Holton)