Marks and Spencer Group (LON:MKS) reported higher annual group sales and said it expects profit growth to resume as management outlined plans to step up investment in stores, supply chain, digital systems and value.
On an analyst call, CEO Stuart Machin said the year had been “a year of 2 halves,” with the first half dominated by operational disruption and the second half seeing a return to sales and profit growth. He said the company served 34 million customers during the year, which he described as its highest number ever, and said M&S remained the U.K.’s most trusted brand according to YouGov.
