Marks & Spencer Group (MKS)

Sector:

Personal Goods

Index:

FTSE 100

273.90p
   
  • Change Today:
    -0.70p
  • 52 Week High: 290.50
  • 52 Week Low: 161.55
  • Currency: UK Pounds
  • Shares Issued: 2,046.08m
  • Volume: 4,696,978
  • Market Cap: £5,604m
  • RiskGrade: 211

M&S sees FY in line as Christmas sales rise 8.1%

By Frank Prenesti

Date: Thursday 11 Jan 2024

LONDON (ShareCast) - (Sharecast News) - UK retailer Marks & Spencer said it expected to deliver annual results in line with expectations despite higher-than-expected cost increases as it reported an 8.1% rise in sales over the key Christmas quarter driven by food revenue and womenswear.
The company said UK sales cam in at £3.56bn in the 13 weeks to December 30. Food sales rose 9.9% as supply chain constraints eased, while clothing and homewares were up 4.8%, mainly due to price rises fewer discounts.

"As we enter the new year and full-year 2025, expectations for economic growth remain uncertain, with consumer and geopolitical risks," said chief executive Stuart Machin.

"We also face additional cost increases from higher than anticipated wage and business rates related cost inflation. Nevertheless, the strong Christmas trading performance provides confidence that the results for the year will be consistent with market expectations."

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Marks and spencer Market Data

Currency UK Pounds
Share Price 273.90p
Change Today -0.70p
% Change -0.25 %
52 Week High 290.50
52 Week Low 161.55
Volume 4,696,978
Shares Issued 2,046.08m
Market Cap £5,604m
RiskGrade 211

Marks and spencer Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.54% above the market average24.54% above the market average24.54% above the market average24.54% above the market average24.54% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Price Trend
79.65% above the market average79.65% above the market average79.65% above the market average79.65% above the market average79.65% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income
51.39% below the market average51.39% below the market average51.39% below the market average51.39% below the market average51.39% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Growth
11.41% above the market average11.41% above the market average11.41% above the market average11.41% above the market average11.41% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 4
Sell 0
Strong Sell 0
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Marks and spencer Dividends

  Latest Previous
  Interim Interim
Ex-Div 16-Nov-23 14-Nov-19
Paid 12-Jan-24 10-Jan-20
Amount 1.00p 3.90p

Trades for 14-May-2024

Time Volume / Share Price
17:36 191,710 @ 274.70p
16:50 1,824 @ 273.90p
16:50 2,521 @ 273.90p
16:04 1 @ 274.90p
16:02 4 @ 274.90p

Marks and spencer Key Personnel

Chair Archie Norman
CEO Stuart Machin

Top of Page