Marks And Spencer Share Discussion Threads

[diku] 26/5/2021 08:26

So in other words the pandemic is good for MKS...figures are better than 2 years ago in 2019/20...

[mj19] 26/5/2021 08:18

M&S swings to big loss as pandemic takes its toll https://www.bbc.co.uk/news/business-57251682

[johnwise] 26/5/2021 08:14

Steve Rowe, CEO: "In a year like no other we have delivered a resilient trading performance"

Marks & Spencer Group PLC Final Results

[qantas] 26/5/2021 08:14

UK food and clothing group Marks & Spencer swung to a heavy full-year loss as it felt the full impact of the coronavirus pandemic. The company on Wednesday reported pre-tax losses of £209.4m for the 53 weeks to April 3 compared with a profit of £67.2m a year earlier. Group revenue fell to £9.1bn from £8.9bn. M&S said overall trading for the first six weeks of the financial year and since reopening had been ahead of the comparable period two years ago in 2019/20.

[johnwise] 26/5/2021 08:13

Steve Rowe, CEO: "In a year like no other we have delivered a resilient trading performance"

Marks & Spencer Group PLC Final Results

[netcurtains] 26/5/2021 08:07

Looking good.
I suspect its "better than expected"
in the early trades.

[mj19] 26/5/2021 08:07

Marks & Spencer, a retailer, reported full-year adjusted EPS slid to 1.1 pence from 16.7 pence in the prior year and revenue was down 11.9% to 8.97 billion pounds.

[smurfy2001] 26/5/2021 08:06

No dividend is wise and expected.

[netcurtains] 26/5/2021 07:53

All sounds quite good.
Lets see if its the deadly "worse than expected"
or the brilliant "better than expected".

Or the market doesn't expect anything all this expected stuff is silly noise.

[jsforum] 26/5/2021 07:51

BlackRock appear to have long and short positions?

[xxxxxy] 26/5/2021 07:20

A resilient ?nancial performance in a year of disruptionThe Group delivered pro?t before tax and adjusting items of £41.6m and a statutory loss before tax of £201.2m in a year characterised by unprecedented lockdowns, resilient performance and disciplined management of costs. We are grateful for total government support of £306.1m which has partly offset the effect of lost trade and enabled us to maintain employment.Food delivered strong underlying LFL growth of 6.9% after adjusting for the closure of hospitality and the adverse impact on franchise sales. Operating pro?t before adjusting items of £213.6m was a creditable achievement given the related effects on product mix. Ocado Retail contributed a share of net income of £78.4m in an exceptional period for the business and following the successful switchover to M&S supply.Clothing & Home results re?ect the heavy impact of lockdowns on stores, a substantial change in product mix and the challenges of clearing stock, partially offset by very strong growth online of 53.9%. As a result, net revenue declined 31.5% and there was an operating loss before adjusting items of £129.4m. Performance improved in the second half as online growth made greater inroads into the store sales decline. Clothing & Home online generated an operating profit margin of c.14%.International operating pro?t before adjusting items of £45.1m was resilient due to online growth which helped to mitigate the pandemic impacts on store sales in different regions. The balance sheet has emerged stronger than expected. Lower discretionary costs and capex, managed stock ?ow and a focus on working capital resulted in net debt excluding lease liabilities down £278.6m to £1.11bn and a strong liquidity position. This resilient performance is due to the extraordinary efforts of colleagues across the business, playing their part to feed the nation, increase our capacity for home delivery and work with our trusted suppliers to adapt to rapidly changing restrictions across the year. .... MKS site

[diku] 25/5/2021 14:48

In May people still wearing winter jackets...probably make more money selling umbrellas and rain coats...

[shoesize19] 25/5/2021 08:59

Oh and by the way Porsche1945.

From the watching I do on here even though I do not post much , I think Debs has the right handle on here.

[shoesize19] 25/5/2021 08:39

Porsche1945.
Take no notice of the trouble makers.
Seems humpty comes on here to cause trouble even though he / she does not post much
What a sado .

he / she said previously doesn't waste time on here, so why come on here ,obviously to cause trouble.

comes on here firing all cylinders at you
What a crank he she is . needs to get a life.

[netcurtains] 25/5/2021 08:07

Some retail stocks opened well this morning.

[ignoble] 24/5/2021 08:51

Interesting read

[careful] 24/5/2021 08:40

GBP is real money centuries old.
It gets devalued when used to bale out the economy in times like Covid.
Stopping devaluation is easy. Restrict supply and crash the economy.

People who support Bitcoin know nothing about economics.
They have been conned and made a fool of.

Just another scam, a Ponzi scheme, a computer game winners = losers.
Buy a share of a computer programme entity.

Money it 'aint and never will be.
Amazed the authorities have not killed it off.
They will find a way.

[neilhumphreys] 24/5/2021 01:33

PORCHE1945 you complete nutcase!!

Bitcoin is more or less worth 40-50% less since you wrote your idiotic note.

Bitcoins are worthless, they are not an asset or anything.

[philanderer] 24/5/2021 00:44

Questor: Will M&S ever have another billion-pound year?

Questor share tip: the retailer’s efforts to turn itself around go back decades – but we can finally see grounds for ‘cautious optimism’


Questor says: buy

Ticker: MKS

Share price at close: 152.75p

[porsche1945] 23/5/2021 22:47

@debsdowner

Bitcoin has probably got more intrinsic value than shixxy sterling. Basket case GBP has been going down against the usd for 11 years straight and worse against euro, the U.K. has such dire productivity the government has to keep devaluing (now juiced by brexit/covid fiasco) to stay competitive. Terminal, brits are only going to get poorer. Bitcoin is up 200 pc for every year since inception, watch this space, investing in crypto, S&P and USD/YEN the way to go. (And certainly not terminal MKS haha)

[philanderer] 23/5/2021 19:15

M&S has battled through the Covid storm but is far from home and dry

[johnwise] 23/5/2021 11:49

Families who refuse to quarantine after trips to India are blamed for Covid surge in Bolton - mainly in overcrowded areas where 'up to eight people live in two-bed homes'

[debsdowner] 23/5/2021 11:29

Off topic avoid cryptocurrencies including Bitcoin and sell them quickly if you can as the rout is startign and they are already falling sharple. They have no intrinsic value says BOE Bailey and hs is right.