Earlier this week, Marks & Spencer reported full-year profit before tax of £522.9 million (€614.9 million), a 29.7% increase on the pre-pandemic period, with its food and Ocado Retail businesses performing strongly.
Commenting, outgoing chief executive Steve Rowe said, "For me, what is important about these results is not just the restoration of profit and strong cash flow; it is that they demonstrate that M&S has fundamentally changed."
Here's how leading industry analysts viewed its performance: