Marks & Spencer Group
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Marks & Spencer Group (MKS) investor relations material

Marks & Spencer Group Q3 25/26 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 TU earnings summary8 Jan, 2026

Executive summary

  • Achieved record customer numbers during the Christmas period, with strong performance in Food and improving trends in Fashion, Home & Beauty.

  • Continued progress in the 'Reshaping' strategy, focusing on value, innovation, and store transformation.

Financial highlights

  • Group sales rose 24.2% year-over-year for the 13 weeks to 27 December 2025; excluding Ocado Retail, group sales increased 3.3%.

  • Food sales grew 6.6% (LFL +5.6%), with UK volume up 2.3%.

  • Fashion, Home & Beauty sales declined 2.5% (LFL -2.9%), with online growth offset by lower store sales.

  • International sales increased 0.9% year-over-year.

  • Ocado Retail sales up 13.7%, driven by 10.7% volume and 11.0% order growth.

Outlook and guidance

  • Full-year guidance remains unchanged.

  • Plans to accelerate the reshaping strategy in 2026, focusing on product innovation, value, store and online transformation, supply chain improvements, and cost reductions.

FHB strategy to reverse store sales decline?
Plans to sustain Food's 4.0% market share?
Future plans for M&S sales on Ocado.com?
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Next Marks & Spencer Group earnings date

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H2 25/2629 May, 2026
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Frequently asked questions

Marks & Spencer Group Plc is a retailer offering food, clothing, and home products through stores and online platforms. The company serves consumers in the United Kingdom and internationally, focusing on quality, value, and sustainability. It operates through both owned and franchised locations. The company is headquartered in London, United Kingdom, and its shares are listed on the LSE.

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