Although the group’s results have been heavily affected by the pandemic, the solid performance in the food business, the faster-than-expected online growth in the C&H business, and tightened cost management have all resulted in good cash generation.
The group’s rapid reactions to respond to the pandemic and improved operating efficiency have sent a positive signal to the market, and the downtrend has helped the group to reach the inflection point.
04 Nov 2020
On track for a strategic turnaround
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On track for a strategic turnaround
Marks and Spencer Group plc (MKS:LON) | 258 -13.1 (-1.9%) | Mkt Cap: 5,256m
- Published:
04 Nov 2020 -
Author:
Jie Zhang -
Pages:
3
Although the group’s results have been heavily affected by the pandemic, the solid performance in the food business, the faster-than-expected online growth in the C&H business, and tightened cost management have all resulted in good cash generation.
The group’s rapid reactions to respond to the pandemic and improved operating efficiency have sent a positive signal to the market, and the downtrend has helped the group to reach the inflection point.