M&S announces half year results for 26 weeks ended 1 October2022

Marks and Spencer has recently published its half year results, highlighting food sales growth of 5.6% in the period.

M&S is investing across its food range with:

  • ‘Bigger packs, better value’ and ‘locked’ prices across 100 lines.

  • The ‘Renewal’ roll-out continues with 7 legacy stores converted to new food halls in H1 with 17.8% sales growth post conversion.

  • 900 new lines were added in H1, an increase of 4% on last year.

  • The Gist acquisition has improved supply chain productivity and removed c.£25m of costs.

Read more here.