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(MKS) Marks & Spencer Group General Share Chat

Discussion in 'General Share Chat' started by Microem1, Nov 10, 2015.

  1. Microem1

    Microem1 Administrator

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    (MKS) Marks & Spencer Group General Share Chat
     
  2. Mongoose82

    Mongoose82 A Legendary Member

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    Read Beaufort Securities's note on MARKS & SPENCER GROUP PLC (MKS), out today on Research Tree

    "Disappointing results will lead to circa 10% reduction in consensus forecasts, but we note the start of the strategic turn round has commenced, although this will take time against 'difficult trading conditions'. International has been disappointing, but Food is doing well and they do have a focus on growing the Food business. However, the core Clothing and Household will take time and we will monitor Marks and Spencer but maintain..."

    https://www.research-tree.com/company/GB0031274896
     
  3. Mongoose82

    Mongoose82 A Legendary Member

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    "The group’s sales were up 1.3% in the 13 weeks to 2 July, boosted by a strong resilience in food sales which grew by 4%. The market’s weakening momentum led to a sales decline of 8.3% in clothing and home products. The international activity outperformed with a 0.7% increase (at constant currency) vs. -1.1% for the UK. Online sales slowed to 0.5% after an impressive 8.2% in the previous quarter."

    AlphaValue note from yesterday: Https://www.research-tree.com/Company/GB0031274896
     

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