Marks And Spencer Share Discussion Threads

[pdosullivan] 07/11/2024 07:01

I was surprised to see the dividend held at 1p. I wonder if the Group is weighing up a share buyback alongside the FY results next year.

[johnrxx99] 07/11/2024 04:10

Very impressed by the company's PR. I emailed them yesterday regarding the International stores performance and got a reply within a few hours.

"Dear Mr xxxxx

Thank you for your email regarding our International division.

As I'm sure you will have seen reported, our half-year trading results are very positive, and in relation to International our CEO Stuart Machin commented "We are resetting priorities in International to drive future growth, as well as acting now to improve short-term performance."

I would like to thank you for taking the time to provide your feedback on our International store locations, which I have shared with the team.

Thank you again for getting in touch.

Kind regards

Andrew Nightingale
Executive Team
M&S Customer Service

[debsdowner] 06/11/2024 20:33

QANTAS

SHARES mag says more upgrades likely and I agree.



IC mag retains a buy

[debsdowner] 06/11/2024 19:00

ASDA Christmas ad poor

[debsdowner] 06/11/2024 16:47

QANTAS

A profit isn't a profit until banked and don't blame you.

I do think however Marks has further to go particularly if they have a good Christmas where most the profits come in.

[qantas] 06/11/2024 15:30

Debsdowner must take my profit soon.

Robot will be pleased I went to see the movie The Wild Robot..

[philanderer] 06/11/2024 13:32

M&S reveals £120m hit from Budget measures

The firm said it would do ‘everything we can’ not to pass on the extra costs to consumers, but ‘cannot rule anything out’.

[martinmc123] 06/11/2024 13:04

4*
Marks & Spencer plc posted a very impressive set of Interims confirming strong performance building on last year. Profit before tax and adjusting items was up 17.2% at £407.8m, statutory profit before tax was up 20.4% to £391.9m. In terms of segments food sales were up 8.1%, Clothing & Home sales were up 4.7% while the Ocado Retail JV share...from WealthOracle

wealthoracle.co.uk/detailed-result-full/MKS/948

[debsdowner] 06/11/2024 11:41

Another new High Qantas !

Clothes sales better than forecast.

MARKS has done better than most footsie 100 in profit acceleration.

[qantas] 06/11/2024 10:45

Marks & Spencer reported better-than-expected first-half profits on Wednesday as it said the food and clothing segments have now delivered market share growth for four consecutive years.Chief executive Stuart Machin said: "Executing our strategy to 'Reshape M&S for Growth' has again delivered an increase in customers, sales value and volume, market share, profit and returns. Both food and clothing have now delivered market share growth for four consecutive years.

OCADO RETAIL STRONG SALES GROWTH DRIVEN BY M&S PRODUCT - MORE TO DO TO IMPROVE PROFITABILITY

Results for Ocado Retail are reported by Ocado Group and are not consolidated in this release. M&S accounts for the joint venture as an associate interest.

Our vision for Ocado Retail remains to combine the magic of M&S Food with Ocado's unique and proprietary technology to offer unbeatable choice, unrivalled service and reassuringly good value, underpinned by efficient and effective operations.

· Revenue increased 13.8% to £1.3bn and adjusted EBITDA was £18.1m (2023/24: £5.3m). The M&S group's share of adjusted loss reduced to £16.0m (2023/24 £23.4m adjusted loss) driven by the improved sales performance.

· The M&S volume of product sold on Ocado increased 19.1% and represented 29.8% of Ocado Retail volumes (2023/24: 28.4%), with 95% of the addressable range now available to customers. M&S' participation reached c.48% across fresh categories such as produce and poultry reflecting our growing strength in the 'spine of the basket'.

· As a result of higher service delivery costs and continuing lease and Ocado Smart Platform (OSP) fees for the old Hatfield site, overall profitability has yet to benefit from increasing levels of capacity utilisation.

While the customer proposition is becoming more competitive, there remains more to do to improve overall levels of profitability before investing in new site capacity.

[philanderer] 06/11/2024 09:48

Splendid results.


Marks & Spencers has released its half-year results, with pretax profit up 20% to GBP391.9 million from GBP325.6 million the year before. Revenue rose 5.7% to GBP6.48 billion from GBP6.13 billion.

The firm's interim dividend however remained flat at 1 pence per share. Marks & Spencer said trading for the second half is on track and it expects to make further progress in the rest of 2024, although it expects the currently uncertain environment with elevated cost inflation to persist.

[johnwise] 06/11/2024 07:55

Bumper figures

M&S profits soar as turnaround plan delivers

Marks & Spencer posted another strong set of results ahead of the “golden quarter” as its turnaround continues to deliver.

Profit before tax for the half-year jumped 17.2% to £407.8m, from £348.1m last year, while operating profit rose by a third (3%) to £213.1m.

Food sales were once again the star performer, rising 8.1%, while higher demand for its womenswear lines pushed clothing and home sales up 4.7%.

The company said it is “on track” to meet cost reductions with around £60m saved in the period, “largely offsetting cost inflation”.

Chief executive Stuart Machin said: “Executing our strategy to ‘Reshape M&S for Growth’ has again delivered an increase in customers, sales value and volume, market share, profit and returns. Both food and clothing have now delivered market share growth for four consecutive years.

“Central to our strategy is our vision to be the most trusted retailer, with quality products at the heart of everything we do. This is not something we take lightly, and our relentlessness in delivering customers the best quality, innovation, service and value only available at M&S underpins our trading momentum.

“The easy thing to do today would simply be to say that these are good results, but that wouldn’t be the right thing to do. In the spirit of being positively dissatisfied, we have so much to do over this year and beyond. Despite our strong trading momentum, there is much more opportunity for future growth and that energises us.”

While Marks and Spencer said that there is “more to do” to improve Ocado Retail’s performance before investing in new site capacity, the “customer proposition is becoming more competitive.”

[philanderer] 05/11/2024 00:02

Dawn French revealed as star of M&S Christmas advert as high street supermarkets unveil festive campaigns

[qantas] 04/11/2024 17:26

This is not just food but M&S Christmas food.

[martywidget] 04/11/2024 15:52

Can Marks & Spencer maintain its ‘remarkable’ momentum?

The retail stalwart is in rude health, but the shares have already rallied hard this year

Marks & Spencer’s (MKS) stock is up the best part of 80% over one year and has rallied 40% year-to-date, driven by positive momentum in both food and clothing and a recent return to the dividend trail which has attracted income seekers.

This suggests the British retail institution will need to deliver a positive outlook and/or another profit upgrade alongside its first-half results (6 November) if its share price re-rating has further to run. Another impending catalyst an investor event (12 November), where management will update the market on the FTSE 100’s retailer’s growth strategy including exciting store renewal and expansion plans.

[martywidget] 04/11/2024 13:10

Can Marks & Spencer maintain its ‘remarkable’ momentum?

The retail stalwart is in rude health, but the shares have already rallied hard this year

Marks & Spencer’s (MKS) stock is up the best part of 80% over one year and has rallied 40% year-to-date, driven by positive momentum in both food and clothing and a recent return to the dividend trail which has attracted income seekers.

This suggests the British retail institution will need to deliver a positive outlook and/or another profit upgrade alongside its first-half results (6 November) if its share price re-rating has further to run. Another impending catalyst an investor event (12 November), where management will update the market on the FTSE 100’s retailer’s growth strategy including exciting store renewal and expansion plans.

[fegger] 04/11/2024 12:43

Could be significant NI costs hit: hxxps://news.sky.com/story/supermarket-giants-face-200m-hit-from-reeves-ni-hike-13243951

[milesy] 04/11/2024 12:14

The Times article is currently available to read in the archive here:

[pjleeds] 04/11/2024 09:04

Both work ok for me.

[johnrxx99] 04/11/2024 08:49

Both feeds go nowhere, LOL

[ayl30] 04/11/2024 07:49

Marks & Spencer set to report strong sales as turnaround continueshttps://www.thetimes.com/article/6a8fec25-cc30-40b2-a8e0-73e4d146288e?shareToken=cbd989e74776d2a655ab50676253cb8f

[johnwise] 04/11/2024 07:45

M&S to post buoyant figures, interest rate cut due

[johnwise] 31/10/2024 12:28

Sienna Miller's latest glamour-infused collection for M&S hits stores

[debsdowner] 31/10/2024 11:16

NEXT falls close to 5% fall this morning this is despite the company upgrading it's profit forecast yesterday. The market is somewhat sceptical the company will meet the upgrade following the budget which should help lower earners.

[debsdowner] 31/10/2024 09:01

Tax on shares..



Stock market footsie 100 hits 3 month low which is entering a bear market.