M&S has reported 3Q LFL of -2.4% in UK Clothing & Home sales and -2.1% in UK Food. We believe that expectation was 1-2% negative in C&H and 2-3% negative in Food. C&H benefited from better than expected online sales growth of 14% with stores down we estimate 6-7% LFL. Overall the online performance was undoubtedly good but in-store C&H was poor albeit affected by the less promotional trading stance and market conditions. Food we believe turned out within forecasting parame
10 Jan 2019
Donnington saves the day
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Donnington saves the day
Marks and Spencer Group plc (MKS:LON) | 264 16.6 2.5% | Mkt Cap: 5,379m
- Published:
10 Jan 2019 -
Author:
Tony Shiret -
Pages:
3
M&S has reported 3Q LFL of -2.4% in UK Clothing & Home sales and -2.1% in UK Food. We believe that expectation was 1-2% negative in C&H and 2-3% negative in Food. C&H benefited from better than expected online sales growth of 14% with stores down we estimate 6-7% LFL. Overall the online performance was undoubtedly good but in-store C&H was poor albeit affected by the less promotional trading stance and market conditions. Food we believe turned out within forecasting parame