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Marks & Spencer Q3 Results: What The Analysts Said

Published on Nov 7 2018 1:40 PM in Retail tagged: Featured Post / M&S / Shore Capital / Marks & Spencer / Paywall / AJ Bell / / Grocery Insight

Marks & Spencer Q3 Results: What The Analysts Said

Marks & Spencer posted a 2.0% increase in underlying profit in the third quarter of its financial year, however, group revenue, at £4.97 billion, was 3.1% lower than the same period last year.

Commenting on the retailer's performance, chief executive Steve Rowe said that plans to turn M&S into a "faster, more commercial and more digital business" are progressing well.

"Against the background of profound structural change in our industry, we are leaving no stone unturned, and reshaping our business, its organisation and culture," Rowe explained.

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