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© Reuters. FILE PHOTO: A brand of meals and garments’ retailer Marks and Spencer (M&S) is seen at a department in London, Britain March 10, 2022. REUTERS/Toby Melville/File Picture
(Reuters) -British retailer Marks & Spencer (OTC:) raised its revenue outlook on Tuesday, saying it was persevering with to win market share in each its clothes & dwelling and meals companies.
The group mentioned it now anticipated revenue development in its full 2023-24 12 months, having beforehand forecast a small decline.
It forecast its interim outcomes, because of be printed in November, would present “a big enchancment” towards earlier expectations.
M&S mentioned within the first 19 weeks of the 12 months like-for-like meals gross sales grew over 11%, whereas clothes & dwelling gross sales had been up over 6% on the identical foundation.
The group did, nevertheless, warning: “There stay appreciable uncertainties concerning the financial outlook, and there’s a threat that the buyer market will tighten because the 12 months progresses.”
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