Marks And Spencer Share Discussion Threads

[debsdowner] 19/1/2024 13:00

steeplejack,

I concur with your comments on John Lewis they seem to have lost their way and MARKS could be gaining from their mistakes.

cc...Andrew,

Marks employees done very well with their shares in the company. Shares slipping recently have dissapated some of the gains however.

QANTAS,

Store closures and relocation.

....

Retail sales data which showed a fall in retail sales in December further hitting retailers today.

[qantas] 19/1/2024 09:43

Please do your own research as always follow FCA guidelines.

[johnwise] 18/1/2024 12:17

M&S to invest £30mn in Scottish stores, but will close Aberdeen St Nicholas branch

M&S has unveiled plans to invest £30mn in bricks and mortar stores across Scotland, but as it puts £15m into its Aberdeen Union Square retail park store it will close the city-centre St Nicholas site.

[darrin1471] 16/1/2024 19:55

Ocado retail. M&S joint venture.

Q4 Retail revenue of GBP609.4m grew 10.9%
Volumes (total items) grew consistently over the period, up 4.8% year-on-year. -- Average orders per week (Ocado.com) of 407,000 grew 6.3% year-on-year.
Active customers reached 998,000 at the end of Q4, up 5.9% year-on-year.
Demand was high and we sold over 90% of peak Christmas slots released (22nd-24th) by mid-October. Between December 20th and 24th, sales overall increased 7% and eaches were up 3% including a record day for "eaches" (number of items) delivered on the 23rd December.
Overall revenue growth in FY24 is expected to be in the mid-high single digits
This year we expect to make further progress on increasing efficiencies and demonstrating operational leverage while continuing on our journey towards a high mid-single digit EBITDA margin in the midterm.

I thought Ocado were supposed to be the "worst performer" "where sales grew by a mere 0.5 per cent" according to Kantar in post 13561

[philanderer] 16/1/2024 13:52

Shares in Ocado (OCDO) were up over 6% to 661p in morning trading as the online grocery retailer said retail revenue for the 13 weeks to 26 November 2023 grew by 10.9% to £609.4 million.

The 50-50 joint venture between Ocado and Marks & Spencer (MKS) added that volumes of total items ‘grew consistently’ over the period, up 4.8% year-on-year.


sharesmagazine.

[1mikejay] 16/1/2024 13:03

The share price had momentum and were heading I think to 3 pound

[1mikejay] 16/1/2024 12:57

They were worth a lot more before the cautious Christmas statement

[ccsicemanandrew] 16/1/2024 11:26

For staff who put the maximum 500 per month. Will receive 21951 shares in February.Currently worth just over 57k

[steeplejack] 16/1/2024 10:56

I wish dear old John Lewis luck and they'll need it.Both Lewis Stores and Waitrose have completely lost their orientation and have become an outfit that we can all manage without.Extraordinary given the position they enjoyed at the turn of the millennium.Nero playing his fiddle while Rome burns springs to mind.

[debsdowner] 15/1/2024 11:45

Peter Ruis who was a former fashion boss at John Lewis has been brought back to try and revive the partnership..

[debsdowner] 15/1/2024 11:42

MARKS predicted to be a winner in 2024 along with Currys and Superdy a loser

[debsdowner] 15/1/2024 11:39

MARKS staff to share bumper share payout...



If I am reading this correctly this is a fantastic payout for staff who contribute to their share scheme and will boost staff morale and make staff pay one of the best in the industry if they contribute to the scheme.

[grahamytrain] 12/1/2024 21:40

Consolidation for a short while then a steady moderate climb thru 300 in the not too distant future.

[debsdowner] 12/1/2024 16:58

Burberry warns on profits after sales dip...



Even luxury retaiers hit MARKS doing well under the circumstances.

Fortnum & Mason see sales soar...



Despite a cautious statement after good results Marks should benefit from it's new store openings..

[debsdowner] 12/1/2024 15:11

bigdave,

Deutche Bank probably right, i thought MARKS was worth £3.50 but that is now tempered by the cautious statement and that said I dont think we will see much downside from here.

In the meantime BooHoo in trouble yet again over miss labeling their products and this is a very serious situation.



What with instances of slave laabour and talk of closing down their UK manufacturing of excellence their business model is damaged.

[1mikejay] 12/1/2024 14:52

More than 9,200 Marks & Spencer employees are set to receive bumper share payouts as the high street giant revealed a jump in festive sales. As its recovery continues, it said more than 9,200 staff members will reap the rewards from a share save scheme launched in January 2021. Employees – mostly customer service assistants – who put in £150 a month into its 2020 share save scheme will gain more than £10,000. I wonder how many of the 9,200 will leave M&S after they get their pay out.

[maywillow] 12/1/2024 14:28

Written by:
Jamie Ashcroft


Marks and Spencer Group PLC
(
LSE:MKS
)
Marks & Spencer partway through 'significant re-invention' - broker

Published: 13:04 12 Jan 2024 GMT

Marks and Spencer Group PLC - Marks and Spencer partway through 'significant re-invention' - broker

Marks and Spencer Group PLC (LSE:MKS) is showing clear evidence that its partway through a "significant re-invention", according to analysts at Deutsche Bank.

“There is some understandable concern with regards to some consumer and cost headwinds for FY25e, but in our view M&S sales should continue to outperform the market and cost reductions delivered this year will likely annualise,” Deutsche analyst Adam Cochrane said in a note.

The German bank rates M&S as a ‘buy’ and today upgraded its price target from 310p per share to 315p, representing some 20% upside to the current price of 261.7p.

M&S’s trading statement failed to deliver an upgrade to full-year earnings guidance, disappointing some investors,

Underlying sales from the grocery section were up 9.9% for the 13 weeks ended 30 December.

Those following of Marks will know the clothing operation is still the mainstay of the business, however, and it tends to be the swing factor. This side of the business weighed in with like-for-like top-line growth of 4.8%.

Combined, the two delivered a like-for-like increase of 8.1%. Adding in the international operations, that figure came down to 7.2%.

Looking ahead, the company said results for the year will be "consistent with market expectations". However, it also said economic growth remained "uncertain" while rising costs pushed by higher wages and business rates remained a concern.

Elsewhere in the City, Peel Hunt said in its analysis shortly after the update and before the shares began trading: "The market was probably expecting an upgrade today, so shares may be slightly off, but the company continues to impress us and finished 2023 strongly."

Clive Black, the veteran retail sector analyst who is widely followed by professional investors and trusted by industry executives, was upbeat on M&S's performance during the run-up to and over the key Christmas period.

"A modernising M&S is reverting to the positive traits those of a certain age warmly remember," said the Shore Capital analyst.

"Grounded management speaks to confidence that FY24 will be consistent with market expectations.”

[bigbigdave] 12/1/2024 08:00

DEUTSCHE BANK RAISES MARKS & SPENCER PRICE TARGET TO 315 (310) PENCE - 'BUY'

[bigbigdave] 12/1/2024 07:55

*DEUTSCHE BANK RAISES MARKS & SPENCER PRICE TARGET TO 315 (310) PENCE - 'BUY'

[philanderer] 11/1/2024 23:59

We’re winning back middle class shoppers from Waitrose, says M&S

[debsdowner] 11/1/2024 22:33

2 articles from the Telgraph

[bigbigdave] 11/1/2024 17:55

I see the consensus on MKS has already been raised today...

[philanderer] 11/1/2024 17:47

Market report


Marks & Spencer dropped 5.0%, with investors unnerved by warnings of higher costs ahead.

It reported sustained ‘strong sales momentum’ over the festive trading period in its financial third quarter, the 13 weeks to December 30.

Looking ahead, M&S said it was confident of annual results in line with market expectations. However, it pointed to uncertainty in terms of economic growth, and consumer and geopolitical risks. It also faces increased costs from higher-than-expected wage and business rate cost inflation.

[philanderer] 11/1/2024 16:06

A few throwing the towel in today.

[debsdowner] 11/1/2024 14:57

MARKS have suffered the same as Sainsburys when shares fell on results. Unfortunateely the "uncertain outlook" caused the share fall today.

There will be more brokers revising their forecasts in the following days.