Deutsche Bank has released its forecasts for Marks & Spencer Group plc's full-year 2024 results, predicting group sales of £12.94 billion, a year-over-year increase of 8%, and a profit before tax (PBT) of £680 million, up 41% year-over-year.
For the Clothing & Home segment, Deutsche Bank expects sales to grow by 5% to £3.9 billion, with an EBIT of £410 million at a 10.5% margin, an increase of 280 basis points year-over-year.
Market share has emerged as a hot topic for Britain’s supermarket chains, so this metrics will be closely watched.
M&S and business partner Ocado recently increased their market share against budget chain Aldi, but investors will want to know if these trends are likely to continue.
Theft has also emerged as a big issue, with M&S chair Archie Norman recently claiming the UK police are “not interested” in the escalating levels of in-store theft.
Investors will be keen to see if this is hurting the bottom line.
Results are due on 22 May.