Group sales were up 4.3% at CER in Q3 (+5.9% reported), boosted by the outperformance of the food segment which grew by 5.6% (+0.6% lfl). Clothing and home products were up 3.1% (+2.3% lfl), underpinned partially by a shift in the reporting period (1.5%). International sales increased by 2.9% at CER. The British retailer showed good resilience amidst the challenging context in the UK compared to competitors. The company has maintained its guidance but management is pessimistic about the Q4 re
12 Jan 2017
Growth acceleration continues in Q3
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Growth acceleration continues in Q3
Marks and Spencer Group plc (MKS:LON) | 258 -13.1 (-1.9%) | Mkt Cap: 5,256m
- Published:
12 Jan 2017 -
Author:
Rim BEN SALAH -
Pages:
2
Group sales were up 4.3% at CER in Q3 (+5.9% reported), boosted by the outperformance of the food segment which grew by 5.6% (+0.6% lfl). Clothing and home products were up 3.1% (+2.3% lfl), underpinned partially by a shift in the reporting period (1.5%). International sales increased by 2.9% at CER. The British retailer showed good resilience amidst the challenging context in the UK compared to competitors. The company has maintained its guidance but management is pessimistic about the Q4 re