Marks & Spencer reports strong fiscal 2024 results with increase in food sales.

From Morningstar: 2024-05-22 12:07:00

Shares of Marks & Spencer soared after reporting strong fiscal 2024 results. Food sales were up 13%, driving total sales up 9.4%. Clothing and home division saw a 5.3% growth. International business focused on long-term growth. Adjusted operating profits showed improvements across all segments, supporting a strong foundation for growth. Fair value estimate: 230p, 2-star rating.



Read more at Morningstar: Marks & Spencer Shares Rise on Profit Surge