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Marks and Spencer Group Plc (MAKSY)
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MAKSY
Marks & Spencer
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Marks & Spencer (MAKSY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Nov 11, 2026
TBA (Confirmed)
Period Ending
2027 (Q2)
Consensus EPS Forecast
0.38
Last Year’s EPS
0.17
Same Quarter Last Year
Analyst Consensus
―
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2026
Earnings Call Date:May 20, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a recovery narrative with clear operational progress and substantive strategic investments (notably in food growth, supply chain capacity and D&T), record customer metrics and a return to profitability and positive operating cash flow. However, significant challenges remain: Fashion, Home & Beauty reported substantial revenue declines (especially online), international sales are down, and near-term margin pressure from taxes, new packaging costs and supplier inflation persists. Management is optimistic and has a credible multi-year reinvestment plan, but material benefits from distribution automation and some D&T investments are multi-year (FY'28 and beyond). Overall the positives around food outperformance, balance sheet resilience and clear reinvestment plans outweigh the near-term operational and macro lowlights.
Company Guidance
M&S said it is “reinvesting for growth,” planning capital expenditure of GBP 650–750m net of disposals this year (maintenance CapEx ~£150m; property ~£200m; supply‑chain ~£200m; D&T ~£140m), running a GBP 120m cost‑out program and aiming for profit growth versus two years ago while growing the dividend over time; non‑like‑for‑like space is expected to add c.2–3ppt to sales. The group remains on a strong financial footing after FY sales of GBP 17.4bn (GBP 14.2bn ex‑Ocado) and adjusted PBT of GBP 671.4m (including GBP 100m cyber insurance) with operating free cash inflow of GBP 131.3m; food (sales +7%, volume +3.5%) is a priority to double in size (market share 4.1% standalone / 4.6% including Ocado, 800k more food customers, M&S on Ocado sales up 17% to £1bn), and food net gross margin guidance is around >4%. Key capacity/timing guidance: open ~18 bigger food stores this year (after 12 new +18 renewed last year), Lichfield 437,000 sq ft DC acquired for £67.5m (+ ~£20m automation) to deliver ~20% more stock points and ~80% more picking capacity with online margin benefits from FY28, Daventry/Avonmouth adding 1.7m sq ft to the network (supporting FY29), and a long‑run online ambition toward c.50% penetration (pre‑incident c.34%) while improving availability (stock cover ~15 weeks; availability now in the high‑80s).
Group Sales and Ex-Ocado Growth
Total group sales GBP 17.4bn (+20% YoY driven by Ocado consolidation). Excluding Ocado, sales were GBP 14.2bn, +1.9% YoY.
Profit, Cash and Balance Sheet
Adjusted profit before tax GBP 671.4m (includes GBP 100m cyber insurance proceeds). Free cash flow from operations was an inflow of GBP 131.3m and the Group maintained a net funds position (ex-lease liabilities).
Food Outperformance and Market Share Gains
Food sales grew 7% with volume +3.5%. Market share rose to 4.1% (4.6% including M&S on Ocado). Served 800k more food customers (biggest gain of any supermarket) and total Group customers served reached a record 34m.
Product Refresh and Food Innovation
Upgraded over 1,000 food products and launched ~1,500 new products; quality perception scores at their highest and price index vs main supermarkets described as the best/lowest ever.
Supply Chain and Distribution Investment
Announced two new food distribution centres (Avonmouth and Daventry) adding ~1.7m sq ft and acquired a 437,000 sq ft automated fashion DC in Lichfield (purchase GBP 67.5m plus ~GBP 20m automation) to increase online capacity and picking efficiency; benefits expected to materialize from FY'28.
Capital Allocation and Reinvestment Plan
Reinvesting for growth with planned capital expenditure net of disposals of GBP 650-750m for the year; maintenance CapEx ~GBP 150m and disciplined hurdle rates (20% IRR / ~4-year payback for growth projects).
Platform Partnerships and Ocado Momentum
M&S on Ocado sales up 17% and reached GBP 1.0bn for the first time; new wholesale/marketplace partnerships (Coles, Nordstrom, Zalando, Amazon) with Zalando driving 200% growth in new European customers.

Marks & Spencer (MAKSY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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MAKSY Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Nov 11, 2026
2027 (Q2)
0.38 / -
0.167―――
May 20, 2026
2026 (Q4)
0.42 / 0.47
0.4591.53% (<+0.01)
Nov 05, 2025
2026 (Q2)
0.10 / 0.17
0.363-53.99% (-0.20)
May 21, 2025
2025 (Q4)
0.39 / 0.46
0.28262.77% (+0.18)―
Nov 06, 2024
2025 (Q2)
0.33 / 0.36
0.29523.05% (+0.07)
May 22, 2024
2024 (Q4)
0.27 / 0.28
0.23818.49% (+0.04)
Nov 08, 2023
2024 (Q2)
0.25 / 0.29
0.17568.57% (+0.12)
May 24, 2023
2023 (Q4)
0.20 / 0.24
0.2313.03% (<+0.01)
Nov 09, 2022
2023 (Q2)
0.18 / 0.17
0.315-44.44% (-0.14)
May 25, 2022
2022 (Q4)
0.30 / 0.23
0.051352.94% (+0.18)――
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

MAKSY Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 20, 2026
$8.75$9.37+6.98%
Nov 05, 2025
$10.00$10.01+0.09%
May 21, 2025
$9.73$9.96+2.44%
Nov 06, 2024
$9.84$10.13+2.93%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Marks and Spencer Group Plc (MAKSY) report earnings?
Marks and Spencer Group Plc (MAKSY) is schdueled to report earning on Nov 11, 2026, TBA (Confirmed).
    What is Marks and Spencer Group Plc (MAKSY) earnings time?
    Marks and Spencer Group Plc (MAKSY) earnings time is at Nov 11, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is MAKSY EPS forecast?
          MAKSY EPS forecast for the fiscal quarter 2027 (Q2) is 0.38.