Marks and Spencer (GB:MKS) has released an update.
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Marks and Spencer has reported a strong first half for the fiscal year 2024, with a 17.2% increase in profit before tax and adjusting items, reaching £407.8 million. The company saw notable growth in its food and clothing segments, bolstered by new store openings and enhanced digital investments, despite challenges in international sales. With a robust financial position and ongoing cost reduction strategies, Marks and Spencer is poised for further growth as it continues to reshape its business model.
For further insights into GB:MKS stock, check out TipRanks’ Stock Analysis page.
