M&S has published its FY22/23 (ended on 1 April 2023) results, beating consensus and our expectations. Both the food and C&H businesses posted better-than-expected performances. The group expects to deliver modest growth for the year ahead despite ongoing cost inflation and the weaker consumer environment.
The group plans to resume an annual dividend payment from November on the back of the improved shape of the business.
24 May 2023
Encouraging progress despite the challenging environment
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Encouraging progress despite the challenging environment
Marks and Spencer Group plc (MKS:LON) | 247 -10.9 (-1.8%) | Mkt Cap: 5,032m
- Published:
24 May 2023 -
Author:
Jie Zhang -
Pages:
3
M&S has published its FY22/23 (ended on 1 April 2023) results, beating consensus and our expectations. Both the food and C&H businesses posted better-than-expected performances. The group expects to deliver modest growth for the year ahead despite ongoing cost inflation and the weaker consumer environment.
The group plans to resume an annual dividend payment from November on the back of the improved shape of the business.