Marks & Spencer Group PLC (OTCPK:MAKSY)
$ 9.87 0.26 (2.71%) Market Cap: 9.70 Bil Enterprise Value: 12.33 Bil PE Ratio: 15.30 PB Ratio: 2.56 GF Score: 71/100
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Q3 2020 Marks and Spencer Group PLC Trading Statement Call Transcript

Jan 09, 2020 / 08:30AM GMT
Release Date Price: $5.05 (-11.71%)
Operator

Good day and welcome to the M&S Quarter 3 Analysts Call.

Today's conference is being recorded.

At this time, I would like to turn the conference over to Mr. Steve Rowe. Please go ahead, sir.

Steve Rowe
Marks and Spencer Group plc - CEO & Executive Director

Good morning, everyone, and a happy new year.

I know it's a very full morning of reporting for you today, so we'll keep things brief.

I'm joined here today by Clare Pettitt, our Group Finance Director; and David Surdeau, our Interim CFO.

We're delighted -- we delivered an improved performance in Q3 across both main businesses. Despite some disappointing one-off issues, U.K. retail business returned to like-for-like growth for the first time in 3 years, reflecting the progress of our transformation strategy.

In Food, we sustained momentum of H1 through the actions we've taken to drive value, accelerate innovation and broaden appeal. We've continued to outperform the market with volume growth accelerating from Q2 and a particularly strong sales

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