Marks and Spencer Group First Half 2024 Earnings: EPS: UK£0.11 (vs UK£0.085 in 1H 2023)

Marks and Spencer Group (LON:MKS) First Half 2024 Results

Key Financial Results

• Revenue: UK£6.13b (up 11% from 1H 2023).
• Net income: UK£208.0m (up 25% from 1H 2023).
• Profit margin: 3.4% (up from 3.0% in 1H 2023). The increase in margin was driven by higher revenue.
• EPS: UK£0.11 (up from UK£0.085 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Marks and Spencer Group Earnings Insights

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in the United Kingdom.

Performance of the British Consumer Retailing industry.

The company's shares are up 15% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Marks and Spencer Group's balance sheet.

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