Marks & Spencer released disappointing Q3 figures with 0.4% lower revenues (0% at constant currency) pulled down by the General Merchandise segment dropping by 5%. The food retail performed better, increasing by 3.7%, backed by record Christmas sales growing by 17% in the key festive week. Online sales impressed with a 20.9% rise. Organic growth was very modest at +0.4% for food retail and -5.8% for General Merchandise.
07 Jan 2016
The best ever Christmas food sales helped to pull up Q3 figures
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The best ever Christmas food sales helped to pull up Q3 figures
Marks and Spencer Group plc (MKS:LON) | 265 -2.1 (-0.3%) | Mkt Cap: 5,383m
- Published:
07 Jan 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Marks & Spencer released disappointing Q3 figures with 0.4% lower revenues (0% at constant currency) pulled down by the General Merchandise segment dropping by 5%. The food retail performed better, increasing by 3.7%, backed by record Christmas sales growing by 17% in the key festive week. Online sales impressed with a 20.9% rise. Organic growth was very modest at +0.4% for food retail and -5.8% for General Merchandise.