Marks & Spencer reports rising Q4 sales

ПОДЕЛИТЬСЯ

Marks & Spencer reports rising Q4 sales ©Reuters/Stefan Wermuth

British high street retailer Marks & Spencer posted rising fourth-quarter sales on Thursday, boosted by strong performances for clothing and food, and also at its international division, AFP reports.

ПОДЕЛИТЬСЯ

British high street retailer Marks & Spencer posted rising fourth-quarter sales on Thursday, boosted by strong performances for clothing and food, and also at its international division, AFP reports.

Sales climbed 1.9 percent in the 13 weeks to March 29, compared with the same period of the group's previous financial year, M&S said in a trading update.

In home market Britain, sales grew 1.5 percent, but fell by 0.2 percent on a like-for-like basis that strips out the impact of new floor space.

M&S added that clothing sales rallied 1.3 percent in the reporting period, aided by "clear signs" of a recovery in womenswear.

Food sales jumped 2.5 percent, despite the later timing of the Easter holiday, while general merchandise added 0.2 percent.

Sales at stores outside Britain jumped 4.7 percent, aided by strength in India, China and in the Gulf.

"We delivered another quarter of improvement in general merchandise," said chief executive Marc Bolland.

He added: "We are encouraged by womenswear, which is showing clear signs of improvement and performed ahead of clothing.

"Our food business had another great quarter, especially considering the later timing of Easter. This marks our 18th consecutive quarter of growth."

Investors welcomed the news, sending M&S shares up 2.0 percent at 465.1 pence in early morning deals on the FTSE 100 index, which was 0.36 percent higher at 6,660.60 points.

Looking ahead, the group expressed caution, despite the upbeat numbers.

"Despite some improvement in consumer confidence, we remain cautious about the outlook," added the firm.

"Our focus is on continuing to transform Marks & Spencer into an international, multi-channel retailer."

The retail group will publish its full-year results on May 20.

Tengrinews
Читайте также
Join Telegram
Earthquake felt by residents of Almaty
Kazakhstan to be hit by snowfall
Flights delayed at Aktobe airport
US dollar drops sharply in Kazakhstan
Kazakhstan to raise living wage in 2026
Tenge continues to strengthen steadily
CSTO meeting has begun in Bishkek

Exchange Rates

 504.61  course up  587.93  course up  6.63  course up

 

Weather

location-current
Алматы

 

Редакция Advertising
Социальные сети