Marks And Spencer Share Discussion Threads

[qantas] 25/5/2024 11:06

The FCA has fined HSBC UK Bank plc, HSBC Bank plc and Marks and Spencer Financial Services plc (HSBC) £6,280,100 for failures in its treatment of customers who were in arrears or experiencing financial difficulty.

Please o your own research as always and follow FCA guidelines.

[philanderer] 24/5/2024 23:21

'M&S clothes are back in fashion - how about its shares?'

[johnwise] 24/5/2024 15:00

This Summer keep your cool | Summer by M&S
Video

[debsdowner] 24/5/2024 08:01

Retail sales plunge due to wet weather in Spring....

[philanderer] 23/5/2024 12:44

Jefferies raises Marks & Spencer price target to 330 (310) pence - 'buy'

JPMorgan raises Marks & Spencer price target to 360 (330) pence - 'overweight'

Goldman Sachs raises Marks & Spencer price target to 375 (350) pence - 'buy'

Deutsche Bank raises Marks & Spencer target to 350 (315) pence - 'buy'

[philanderer] 22/5/2024 23:28

Investors Chronicle..

M&S shines as profits surge 58%

The transformation programme is delivering tangible results


...Peel Hunt analysts think there is "virtually nothing not to like, and believe investors are spending too much time looking back here. It is hard not to be in the 'believers' camp now".

Profit growth is likely to slow this year, and a valuation of 11 times forward consensus earnings is slightly more expensive than the five-year average. But it is hard to argue that the transformation programme isn't now bearing serious fruit.

Buy

[ayl30] 22/5/2024 16:56

Don't be too frustrated, quality will win in the end

[ccsicemanandrew] 22/5/2024 15:42

Yes annoys me that on another day it would have been above 300 pence at close.But general market drags it down.Although I'm sure plenty took profits today.

[philanderer] 22/5/2024 14:38

All wasted on a sh1te market day.

[philanderer] 22/5/2024 13:48

Marks & Spencer boss hails ‘growth story’ as annual profits rise 41%

Pre-tax profits increase to £672.5m and retailer says it will reduce costs further as part of five-year plan

[philanderer] 22/5/2024 13:36

M&S sales balloon to more than £13bn as food and clothing lines prove a hit with shoppers

[xxxxxy] 22/5/2024 10:14

I definitely got out of MKS too early...

[debsdowner] 22/5/2024 08:36

Profits rocket better than expected and would have been better still but for OCADO losses.

£500 million cost savings in the forecast and it looks to me like we will see a billion profits yet again in less than 5 years at this rate of growth.



"M&S ended the year in the strongest financial health since 1997, with net funds of £45.7m excluding lease liabilities (2022/23: net debt £355.6m). A focus on operational cash flow generation combined with a disciplined approach to capital allocation has driven improved return on capital employed and substantial deleveraging. We therefore have the scope to increase investment, while restoring dividends to shareholders."

[johnwise] 22/5/2024 08:10

M&S sales balloon to more than £13bn as food and clothing lines prove a hit with shoppers

M&S also told investors it is plotting 'a more productive estate', which will see it eventually close 'legacy stores that are more expensive to operate and do not demonstrate the M&S brand of today'.

It added: 'Rotation towards a target estate of 180 full line and 420 Food stores provides significant opportunity to invest and grow in the years ahead.

'We continue to seek new sites, to enable us to accelerate store closures and create an estate we are proud of by 2027/28.'

After two decades of failed turnaround efforts, M&S is finally reaping the rewards of an expensive investment programme to improve the quality and value of its clothing and food, upgrade its technology and e-commerce operations, and radically overhaul its store estate.

[johnwise] 22/5/2024 07:26

Marks & Spencer reshaping strategy pays off

Marks & Spencer has posted a rise in sales and profits across food and clothing & home as its ‘reshaping for growth’ strategy paves the way for “the beginnings of a new M&S”.

[ccsicemanandrew] 22/5/2024 07:06

Opening up 7.27 percent

[gswredland] 22/5/2024 06:54

Looks great at a cursory glance

[johnwise] 22/5/2024 06:37

Marks and Spencer Group PLC Final Results (MKS)

Full Year Results for 52 Weeks Ended 30 March 2024

"THE BEGINNINGS OF A NEW M&S"

[ccsicemanandrew] 22/5/2024 06:04

Great results and introducing a 3p dividend.

[philanderer] 21/5/2024 16:18

Leaky before results tomorrow ?

[eigthwonder] 21/5/2024 10:27

Greencore figures to augur well for MKS figures?

[debsdowner] 21/5/2024 09:51

OCADO growing the fastest and LIDL showing remarkable growth with ASDA a laggard...

[johnwise] 18/5/2024 18:40

Marks & Spencer (MKS.L) — Reports on Wednesday 22 May


​​Investors expect Marks & Spencer’s upcoming full year earnings to show an ongoing recovery for the British retailer.

Analysts have nudged up the consensus underlying pre-tax profit forecast for the year to March 2024 to £653m, compared to the range of £550m to £600m that had prevailed before the interims, according to AJ Bell.

"Shares in Marks & Spencer are trading very close to five-year highs, and they rank as the second-best performers within the ranks of the FTSE 100 (^FTSE) over the past 12 months. However, the share price is almost unchanged in 2024 and that slight loss of momentum may reflect, bottom up, management’s efforts to keep a lid on earnings forecasts and, top down, the delay on the long-awaited interest cuts from the Bank of England," the investment platform analysts said.

Adding to the positive sentiment surrounding M&S shares is the recent bullish stance taken by several brokers. Last month, both JPMorgan and Jefferies upgraded the stock to the equivalent of "buy" ratings.

"Such broker upgrades often serve as a positive factor for a stock's performance, as they can influence investor sentiment and attract additional demand," Chris Beauchamp, chief market analyst at IG, wrote.

For the current fiscal year, the dividend forecast stands at 6.2p, representing a yield of 2.3% at the current share price.

"Notably, this dividend forecast is nearly double the figure for the previous year ended 31 March. With dividends on the rise, M&S could potentially attract a new set of investors seeking passive income streams," he added.

Guy Lawson-Johns, equity analyst at Hargreaves Lansdown, reminds investors that the retail sector is tricky.

“So far, trading this year has given Marks and Spencer shareholders plenty to be happy about. Growing market share and margins whilst embarking on a significant cost-cutting programme is a tough balancing act, but the group’s nailed it so far. Along with Lidl and the retail arm of Ocado (OCDO.L), which it owns a 50% share of, M&S is ranked as Britain’s fastest-growing grocer over the last quarter," he said.

"But the retail sector is a notoriously tricky operating environment and wage inflation and business rates have provided an unwanted challenge to its cost cutting programme. Despite this, next week’s full-year results are still expected to land in line with analyst estimates. This includes revenue growth of 8.9% over the year, to £13bn, and operating profit growth of 28.5% to £805m", he added.

Stocks to watch next week

[qantas] 18/5/2024 13:02

Ocado credits Clarkson’s Farm for British produce sales spike

Please do your own research as always and follow FCA Guidelines.