Marks & Spencer Group PLC (MKS) · 2026-11-04
Half-year Financial Report
Marks & Spencer reported a sharp first-half recovery, with group sales up 16.2% to £9.3bn and adjusted profit before tax of £403.2m versus £184.1m, while still expecting full-year 2026/27 adjusted profit before tax to be in line with current market expectations. Statutory profit before tax rose to £355.1m from £3.4m. However, Fashion, Home & Beauty sales and profit remained below 2024/25 as post-incident availability constraints limited sales conversion and a greater online mix increased fulfilment costs.