Company Earnings UpdateMARKS & SPENCER FIRST HALF DASHES HOPES OF RECOVERY IN APPAREL Coresight Research November 4, 2015 Executive Summary Group sales were up 1.4% at constant exchange rates, or 1.0% in British pounds. UK general merchandise sales were down 0.4%, with comps down 1.2%. UK food revenues were up 3.3%, with comps up 0.2%. Gross margin on general merchandise climbed 285 basis points, due to sourcing gains and less discounting. Underlying operating profit was up 3.8% and underlying profit before tax was up 6.1%. Basic earnings per share were up 4.9%, to 14.1p. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: High-Tech Retailing—Four Technologies That Retailers Can Use to Enchant Consumers: Insights from the Retail Track at CES 2025Weekly UK Store Openings and Closures Tracker 2025, Week 25: Debenhams To Open Stores; Poundland To Close 68 StoresThree Data Points We’re Watching This Week, Week 2: Global Retail Predictions for 2025Analyst Corner: Is Shein’s Fashion Model a Template for Environmental Sustainability? with John Mercer
