Marks and Spencer Group PLC (LSE:MKS) is being tipped to talk ‘more positively’ about 2025 profits in its forthcoming interim update, which could mean an upgrade according to analysts at Barclays.
The UK bank expects M&S to report sales up 5.2% to £6.49 billion and underlying profits to show a 4.8% increase to £365 million.
“Food market share looks very strong, and M&S is gaining share in Clothing.
“We expect M&S to talk more positively about the full year 2025 profit outcome, added the bank, which has a forecast of £780 million.
Barclays notes that M&S has already indicated that profit growth will likely be second-half-weighted this year.
“Confidence in the turnaround story continues to build, with M&S's compelling full-year beat in May and strong market share trends in Food and C&H through the first half.”
“We see scope for upwards earning revision – our 2026-27 EPS forecast would only imply delivery at the bottom end of management’s LTIP target range,” Barclays adds.