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    MKS   GB0031274896

MARKS AND SPENCER GROUP PLC

(MKS)
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Delayed London Stock Exchange  -  05/25 11:35:16 am EDT
138.65 GBX   +4.84%
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M&S nudges up outlook after strong Christmas

01/13/2022 | 02:14am EDT

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 million pounds.

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)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
MARKS AND SPENCER GROUP PLC 4.84% 138.65 Delayed Quote.-42.85%
ON SEMICONDUCTOR CORPORATION 2.95% 56.12 Delayed Quote.-19.76%
All news about MARKS AND SPENCER GROUP PLC
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Analyst Recommendations on MARKS AND SPENCER GROUP PLC
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Financials
Sales 2022 10 856 M 13 631 M 13 631 M
Net income 2022 350 M 439 M 439 M
Net Debt 2022 2 948 M 3 702 M 3 702 M
P/E ratio 2022 7,72x
Yield 2022 0,15%
Capitalization 2 715 M 3 410 M 3 410 M
EV / Sales 2022 0,52x
EV / Sales 2023 0,49x
Nbr of Employees 69 577
Free-Float 99,6%
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Number of Analysts 23
Last Close Price 132,25 GBX
Average target price 205,57 GBX
Spread / Average Target 55,4%
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Managers and Directors
Steve Rowe Chief Executive Officer & Executive Director
Eoin Philip Tonge Chief Financial Officer & Executive Director
Archibald John Norman Chairman
Carl Dawson Director-Information Technology
Sacha Berendji Director-Retail, Operations & Property
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