Marks And Spencer Share Discussion Threads

[creditcrunchies] 24/5/2023 10:51

I must admit I've sold mine just above 180p after buying in at an average of 110p. At one point I had 50,000 shares. Nice profit overall

[xxxxxy] 24/5/2023 10:50

Dividends. One of the important considerations of investing. There are others.But dividends matter.

[johnwise] 24/5/2023 09:37

Marks & Spencer turnaround gathers pace:

Profits squeezed by costs but sales of clothes and food soar as retailer gears up to reinstate dividends

However, in a boost for shareholders and a sign that the group's turnaround plans are beginning to work, the retailer said it would resume its dividend with a 'modest' interim payout in November.

Clothing and Home sales grew by 11 per cent to £3.72billion last year, while Food sales increased by 9 per cent to £7.22billion.

[xxxxxy] 24/5/2023 09:28

DIVIDThe Group suspended dividend payments at the start of the pandemic to protect the balance sheet. This enabled it to invest in its transformation priorities and trusted value. With the business generating an improved operating performance and having a strengthened balance sheet with credit metrics consistent with investment grade, the Board plans to restore a modest annual dividend to shareholders, starting with an interim dividend at the results in November... Advfn news

[careful] 24/5/2023 09:27

It would seem the big online shopping boom is fading.
A temporary fad.

MKS well positioned for growth.

What goes around come around.
Way back many items were delivered from bread, newspapers, milk and often groceries.
Even Littlewoods and Grattons club books were used for clothes and other items

That all collapsed, supermarkets and megastores where everyone went to select the items could not be competed with because delivery cost money. and customers wish to touch and see the items they buy.
Returns are crippling the likes of Boo Hoo, the online business model has been found wanting in many ways.

There is the social experience also. Many people like shopping.
Staying in your own home, working from home, shopping from home, linked to your screen is desperately sad.
OK for people with Autism or a leper but not for physical and mentally healthy people.
MKS are on the way back, a counter revolution.

[debsdowner] 24/5/2023 09:24

£2 is a fair price on results.

[debsdowner] 24/5/2023 09:24

Investors piling in up 11.6%.

[debsdowner] 24/5/2023 09:22

topafrenzy the market agrees with me LOL

[debsdowner] 24/5/2023 09:21

Marks up 10.6% a top riser today.

[topazfrenzy] 24/5/2023 09:11

1% dividend with recession not far off lol, which will crater retail, you can't make this stuff up

... your money is better invested in tobacco where you get over 8%

[debsdowner] 24/5/2023 08:59

Share price up 9.1% which is fantastic when both the footsie 100 and 250 is well down.

Both QANTAS and myself were both before the trend on MARKS bringing in third party brands and it has boosted sales.

[qantas] 24/5/2023 08:17

Fabulous debsdowner missing Robot

However we do have a lots of robots at MKS Ocado

[debsdowner] 24/5/2023 08:13

Have upgraded my price target to nearer £2 now.

[debsdowner] 24/5/2023 08:12

Up near 8% despite market red.

[johnwise] 24/5/2023 08:09

Marks & Spencer

High street retailer Marks & Spencer’s revamp of its clothing range appears to have paid off with sales up 11% over the year. Food sales were also higher, up by 9% in the year to 1 April.

Overall sales at Marks & Spencer rose by 9.9% but inflationary pressures and the absence of business rates relief saw lower margins and adjusted pre-tax profit fell 12% to £482m, though better the expected £431m. Revenue was 9.6% higher.

“M&S has had a good start to the new financial year, with both food and clothing & home growing sales,” said the company.

“The strategy is beginning to deliver improved performance and there remains much within the group’s control.”

It said it has made a ‘good start’ to the new financial year and plans to reinstate a modest dividend.

[babbler] 24/5/2023 08:09

I think it's.more the tender offer and debt reduction

[ccsicemanandrew] 24/5/2023 08:06

Up 7% at open. Markets like the results

[johnwise] 24/5/2023 07:45

M&S beats FY forecasts, to reinstate 'modest' dividend

UK retailer Marks & Spencer delivered a forecast-busting annual profit driven by a major improvement in its food division and said it would reinstate a “modest” dividend in November.

Adjusted pre-tax profit came in at £482m, down from £522m last year, but better than expectations of £431m. The prior year’s figure was also boosted by almost £60m in business rate relief.

“M&S has had a good start to the new financial year, with both food and clothing & home growing sales.

[debsdowner] 24/5/2023 07:44

Dividend in November:

OUTLOOK AND GUIDANCE

M&S has had a good start to the new financial year, with both Food and Clothing & Home growing sales. While the economic outlook for consumer spending is uncertain, cost inflation remains high, and market conditions are expected to become more challenging, the strategy is beginning to deliver improved performance and there remains much within the Group's control.

In FY24, modest growth is expected in revenues, driven by omni-channel as well as from the benefits of the accelerating store rotation plan. Further investment in quality and trusted value will be partly offset by actions to mitigate sourcing cost pressures and to reduce waste and stock loss.

Cost inflation includes over GBP50m of energy costs as well as colleague pay increases of more than GBP100m, which are expected to be offset by the delivery of over GBP150m of in-year savings from the structural cost reduction programme. This gives scope to invest in customer service and digital development, while controlling costs.

Despite facing significant headwinds, we are encouraged by the strong foundations established last year.

DIVID

The Group suspended dividend payments at the start of the pandemic to protect the balance sheet. This enabled it to invest in its transformation priorities and trusted value. With the business generating an improved operating performance and having a strengthened balance sheet with credit metrics consistent with investment grade, the Board plans to restore a modest annual dividend to shareholders, starting with an interim dividend at the results in November.

[debsdowner] 24/5/2023 07:40

CC unfortunate no divi but results good and hopefully the press will like the results.

[hamhamham1] 24/5/2023 07:32

Will get divid notification on half year results imo, 1.5p then and a 3.5p end of year

[ayl30] 24/5/2023 07:30

Says they will reinstate at November interims