Marks And Spencer Share Discussion Threads

[philanderer] 11/1/2024 10:23

Recession coming ?

Chart support around 250p

[steeplejack] 11/1/2024 09:54

The prospective PE is only around 12x.This hardly demanding.

[careful] 11/1/2024 09:48

They mentioned increased costs and international business was weaker.

[steeplejack] 11/1/2024 08:21

Yes,the market wanted an uplift in forecast but in the current economic environment,i'm not surprised that the company has erred on the side of caution and kept something in reserve.The shares have had a hell of run and good performance was pretty much discounted.Note that even Tesco are only treading water this morning despite an increase in profit forecast.

[1mikejay] 11/1/2024 08:16

If sales were so good why no profit forecast lift like Tesco

[eigthwonder] 11/1/2024 08:12

Not unexpected…look at some of the posts and share price reaction? Expectations (or maybe simply hope) was for an upgrade

[steeplejack] 11/1/2024 08:08

But not unexpected......The market takes the performance of the food stores for granted nowadays and while clothing has done very well,there are caveats in a flatish international performance and a warning that cost pressures,wages in particular,remain intense.Unlike Tesco,theres no uplift in profit guidance.Enough therefore to knock the froth of the share price.The shares are likely to consolidate short term.

[eigthwonder] 11/1/2024 08:04

Textbook example of “travel and arrive” or “what’s in the price”

[robertball] 11/1/2024 08:01

Disappointing

[eigthwonder] 11/1/2024 08:00

Hmmm - but not an upgrade

[robertball] 11/1/2024 08:00

At what was consensus?

[ayl30] 11/1/2024 07:15

Looks like a pretty decent rns today, not just news but M&S news

[eigthwonder] 10/1/2024 17:24

Let's hope the same doesn't apply here - there is a lot of expectation

[debsdowner] 10/1/2024 16:58

Ian King SKY business

Sainsburys fallen in part as market was expecting a further upgrade.

[philanderer] 10/1/2024 14:13

A lot of selling before tomorrow's update. ... 35% of mine have gone today..

[debsdowner] 10/1/2024 09:13

Sainsburys down circa 4.8% BBC:

In Sainsbury's third quarter - the 16 weeks to 6 January - like-for-like sales grew 7.4% and total sales were up 6.5%, excluding fuel.

Including fuel, like-for-like sales were up 5.3%.

"This sales growth was ahead of annual inflation in November, which dropped to 3.9%, the lowest for more than two years.

Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said that the supermarket giant had "put in an enormous amount of work to improve its pricing and product propositions, and this has allowed it to hit the consumer sweet spot".

"Crucially, the number of items being bought is proving resilient, so sales momentum isn't purely being driven by prices," she added.

Meanwhile, bakery products retailer Greggs said 2023 fourth quarter sales were up 9.4%, despite lower inflation.

It was helped by shops opening for more hours, and a partnership with delivery platform Uber Eats, it said."

[debsdowner] 10/1/2024 09:08

Sainsburys share price currently down circa 4% on results, looks like buy on rumour sell on news.

[debsdowner] 10/1/2024 08:18

Sainsburys Sharecast:

"Strong volume growth helped lift Christmas grocery sales at UK supermarket chain Sainsbury’s (LON:SBRY) by 8.6%, offsetting the impact of inflation, as the company held full-year profit guidance. It expects underlying profit before tax in 2023/24 of between £670m - 700 million, with a strong grocery performance offsetting weaker general merchandise and financial services contributions. The company on Wednesday also expects to generate retail free cash flow in 2023/24 of at least £600m."

[debsdowner] 09/1/2024 16:57

B & M sees sales growth of 5% but like for like sales of 1.2% poor and behind inflation

[debsdowner] 09/1/2024 16:52

MARKS a big winner in Christmas sales only beaten by LIDL



Things are looking good on Thursdays update to me. I am still optimiostic the share run will continue from here.

[darrin1471] 09/1/2024 14:26

British Retail Consortium "WEAK SALES GROWTH TO END 2023"



BRC "Food growth was 8.1% and the Non-Food decline was 0.1% for the year."
ONS "Prices of food and non-alcoholic beverages rose by 9.2% in the year to November 2023"

BRC "UK Total retail sales increased by 1.7% in December, against a growth of 6.9% in December 2022. This was below the 3-month average growth of 2.3% and below the 12-month average growth of 3.6%"

FT" The increase in sales lagged behind the 3.9 per cent inflation rate for November, indicating that households bought fewer goods despite spending more in nominal terms. Such a trend has been in place since the second half of 2021."

[trendz1] 09/1/2024 08:34

Hi all, I’ve joined X and written a quick post about MKS. Feedback welcome! Thx

hxxps://x.com/trendz_lse/status/1744427727715729674?s=46

[darrin1471] 08/1/2024 18:00

Ocado has launched price cuts on more than 1,700 products under its Big Price Drop, with an average reduction of 5% across the range.
The retailer’s reductions sit alongside the Ocado Price Promise which matches prices to Tesco.com on over 10,000 items, including Clubcard prices.

[darrin1471] 08/1/2024 17:49

Mamas & Papas has plans to launch up to ten further concessions in Marks and Spencer and Next stores this year.
The business currently has 33 “stores-within-stores” in both M&S and Next.