Proactive Investors - Deutsche Bank (ETR:DBKGn) has released its forecasts for Marks and Spencer Group PLC (LON:MKS)'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 (LON:OCDO) 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.