Marks & Spencer: 2021-22 earnings up relative to 2019-20
(CercleFinance.com) - Marks & Spencer has reported adjusted EPS of 21.
7p and adjusted taxable profit of 522.9 million pounds for FY 2021-22, up almost 30% on their respective levels two years ago.
Also compared to FY 2019-20, a comparison period taken by the group, due to the Covid-19 pandemic, the British department stores' sales increased by 6.9% close on 10.9 billion pounds.
While management sees business growing y-o-y in the first six weeks of FY 2022-23, M&S says that it expects the impact of the decline in real revenues to increase in the second half of the year, persisting for at least the remainder of the financial year.
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7p and adjusted taxable profit of 522.9 million pounds for FY 2021-22, up almost 30% on their respective levels two years ago.
Also compared to FY 2019-20, a comparison period taken by the group, due to the Covid-19 pandemic, the British department stores' sales increased by 6.9% close on 10.9 billion pounds.
While management sees business growing y-o-y in the first six weeks of FY 2022-23, M&S says that it expects the impact of the decline in real revenues to increase in the second half of the year, persisting for at least the remainder of the financial year.
Copyright (c) 2022 CercleFinance.com. All rights reserved.