M&S has surprisingly announced that it needs to re-position its Food Offer having previously guided to a 7% space increase in the current year. This will have a negative effect on earnings while the re-positioning takes place – albeit the company is not providing detailed guidance for 2018/19E yet - the year when the impact is likely to be felt in our view. It is clear that M&S will further have to instigate a large scale online programme in Food.
09 Nov 2017
Half Year Results | Repo Man (again)
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Half Year Results | Repo Man (again)
Marks and Spencer Group plc (MKS:LON) | 265 0 0.0% | Mkt Cap: 5,377m
- Published:
09 Nov 2017 -
Author:
Tony Shiret -
Pages:
9
M&S has surprisingly announced that it needs to re-position its Food Offer having previously guided to a 7% space increase in the current year. This will have a negative effect on earnings while the re-positioning takes place – albeit the company is not providing detailed guidance for 2018/19E yet - the year when the impact is likely to be felt in our view. It is clear that M&S will further have to instigate a large scale online programme in Food.