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Marks & Spencer - Eps rises 16%

July 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • MKS
  • Price:
  • 362p
In spite of the tough retail environment, Marks & Spencer produced decent final results with group revenues rising 4.2% to £9.7bn and pretax profit increasing almost 13% to £714m. Eps rose 16% to 34.8p, while net debt fell £161m to £1.9bn. In general merchandise, the group achieved a 3.2% rise in underlying sales, with its market share in clothing up 0.5% to 11.7%. Although gross margin fell 0.4% this reflected commodity price inflation, adverse currency pressures and higher cost of markdowns, offsetting benefits of better sourcing. Within the food division, like-for-like sales rose 2.6%, with market share gaining 0.1% to 3.9%. Gross margin improved 0.2% with better management of promotions and waste helping offset ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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