M&S has released full year results below our estimates. Full year sales were up 0.4% at CER and exceptional costs have inflated by 17.5%. However, the company will speed up its restructuring plan with more store closures.
23 May 2018
Speeding up the restructuring, better late than never
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Speeding up the restructuring, better late than never
Marks and Spencer Group plc (MKS:LON) | 265 0 0.0% | Mkt Cap: 5,377m
- Published:
23 May 2018 -
Author:
Rim BEN SALAH -
Pages:
3
M&S has released full year results below our estimates. Full year sales were up 0.4% at CER and exceptional costs have inflated by 17.5%. However, the company will speed up its restructuring plan with more store closures.