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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Half Year 2023 Marks and Spencer Group PLC Earnings Call (Fixed Income Investor) Transcript

Nov 09, 2022 / 02:00PM GMT
Release Date Price: £1.13 (-3.37%)
Operator

Good afternoon, and welcome to Marks & Spencer 2022/2023 Half Year Results Fixed Income Investor Q&A. We will begin a Q&A shortly. But before this, I will hand over to Eoin Tonge, Group CFO and Chief Strategy Officer. Eoin, please go ahead.

Eoin P. Tonge
Marks and Spencer Group plc - Group CFO, Chief Strategy Officer & Director

Thank you, and good afternoon all. I just thought I'd say a couple of quick words. Sorry, some of you might have already listened in to our transcript earlier and the analyst conference call. But we think we had a good set of results published this morning for the first half. And Clothing & Home of 14%, up 5.6% with market share growth in both businesses. Actually, overall, we landed the half, broadly in line with our expectations, and with a bit of a different mix between Clothing & Home and Food profits.

Food profits were down and the margin was down at 2.2%, and that reflects really our decision to hold our shape in the transition to the high inflationary environment and improved as the half went on,

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