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M&S profit plunges 24%; food sales hit record 4.1% share

5/20/2026

27 6 Full Breakdown

Summary

Story summary

Marks & Spencer reported underlying profit fell 23.8% to £671 million for the year to 28 March, with sales rising 1.9% to £14.2 billion.
Food sales increased 7%, lifting the retailer’s market share to a record 4.1%, while fashion, homewares and beauty each dropped about 7%.
M&S will invest in technology, new food stores and AI-driven marketing to offset a £131.3 million cyber-attack loss and boost supply-chain resilience.

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Story summary

Marks & Spencer reported underlying profit fell 23.8% to £671 million for the year to 28 March, with sales rising 1.9% to £14.2 billion.
Food sales increased 7%, lifting the retailer’s market share to a record 4.1%, while fashion, homewares and beauty each dropped about 7%.
M&S will invest in technology, new food stores and AI-driven marketing to offset a £131.3 million cyber-attack loss and boost supply-chain resilience.