Marks & Spencer profits climb as food sales surpass pre-pandemic levels
Marks & Spencer has reported a return to profit in its half-year results and upgraded its full-year outlook as boss Steve Rowe heralded “the hard yards” of its ongoing transformation as the driving force behind its strong performance.
The retailer reported a profit before tax of £187.3m in the 26 weeks ended 2 October 2021, up 17.9% on pre-pandemic levels and significantly ahead of the £87.6m loss reported in the same period last year.
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