Brief: M&S Says In FY Profit Growth Is Expected To Resume Versus 2024/25
20/05/2026 08:12
May 20 (Reuters) - Marks and Spencer Group PLC MKS.L: MARKS AND SPENCER GP - FINAL RESULTS MS: BOARD IS PROPOSING A FINAL DIVIDEND OF 3.0P PER SHARE, TAKING FULL-YEAR DIVIDEND TO 4.2P PER SHARE MS: STRUCTURAL COST REDUCTION OF £89M FUNDING REINVESTMENT AND RESILIENCE IN FY MS: FY FOOD SALES UP 7.0%, FY FASHION, HOME BEAUTY SALES DOWN 7.7% MS: INTERNATIONAL FRANCHISE TERMS ARE BEING RESET MS: IN FY PROFIT GROWTH IS EXPECTED TO RESUME VERSUS 2024/25 MS: FY NET CHARGE IN PERIOD INCLUDES £131.3M OF COSTS DIRECTLY RELATED TO CYBER INCIDENT MS: OUTLOOK FOR CURRENT YEAR INCLUDES HIGHER FUEL, FREIGHT, INPUT COSTS, CONTINUED GOVERNMENT TAX LEVIES AND REGULATORY HEADWINDS FOR SECTOR MS: HEADWINDS FOR SECTOR BEING MITIGATED VIA IMPROVED BUYING, REINVESTMENT IN VALUE TO DRIVE VOLUME, SAVINGS FROM STRUCTURAL COST REDUCTION PROGRAMME MS: THIS YEAR MS CAPEX TO INCREASE TO C.£650M TO £750M, WITH ABOUT TWO-THIRDS TARGETING LONG-TERM GROWTH OPPORTUNITY IN FOOD Source text: [ID:] Further company coverage: MKS.L ((Reuters.Briefs@thomsonreuters.com))