M&S has reported another weak growth in Q2. Group sales were up 2.2% at CER. Food sales stepped up 4.4% and clothing revenue was almost flat (+0.6%). Full UK sales increased by 2.8%. International business slowed down by 2.2%. On a lfl basis, UK sales were almost flat with a slight retreat of 0.1% in Q2 and 0.3% in the full H1. Both food and clothing sales were down 0.1% lfl in Q2. In H1, group revenue amounted to £5,126m (+2% at CER and 2.6% reported). Food revenue rose 4.4% report
09 Nov 2017
Simply Food in turmoil
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Simply Food in turmoil
Marks and Spencer Group plc (MKS:LON) | 264 16.6 2.5% | Mkt Cap: 5,379m
- Published:
09 Nov 2017 -
Author:
Rim BEN SALAH -
Pages:
2
M&S has reported another weak growth in Q2. Group sales were up 2.2% at CER. Food sales stepped up 4.4% and clothing revenue was almost flat (+0.6%). Full UK sales increased by 2.8%. International business slowed down by 2.2%. On a lfl basis, UK sales were almost flat with a slight retreat of 0.1% in Q2 and 0.3% in the full H1. Both food and clothing sales were down 0.1% lfl in Q2. In H1, group revenue amounted to £5,126m (+2% at CER and 2.6% reported). Food revenue rose 4.4% report