Marks & Spencer Group PLC (LSE:MKS)
£ 2.992 0.066 (2.26%) Market Cap: 6.12 Bil Enterprise Value: 8.22 Bil PE Ratio: 14.38 PB Ratio: 2.16 GF Score: 71/100
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Full Year 2022 Marks and Spencer Group PLC Earnings Call Transcript

May 25, 2022 / 08:30AM GMT
Release Date Price: £1.39 (+4.84%)
Archie J. Norman
Marks and Spencer Group plc - Non-Executive Chairman

Good morning, everybody. It's Archie here. I'm in the room with Eoin Tonge and Steve Rowe about whom I'll say a few words in a moment. Stuart and Katie are on the line, but they're not going to be actively participating today. They will get their shout later.

Just a couple of words. You've seen the film. Look, I think this is a strong set of results. But for me, the question is always how fast are we changing and how well prepared are we to face into the windstorms that are coming. And I think you can see in these -- if you look over Steve's tenure, the sheer extent of change in the move to omnichannel and online in the store format, of store rotation in terms of the products, and the product is what really matters, in the management team, there were far-reaching changes in structure and management people.

And last but not least, the balance sheet. I mean it would have been hard to have imagined 2 years ago that it would have gone from quite as a wobbly state on the balance sheet, I hope you don't mind my saying that

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