Proactive Investors
20 May 2026, 06:51 UTC · 1d ago
Marks and Spencer profits fall 24% due to cyberattack, but rebound expected this year
Source · https://www.proactiveinvestors.co.uk/companies/news/1092583
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Proactive Investors
20 May 2026, 06:51 UTC · 1d ago
Source · https://www.proactiveinvestors.co.uk/companies/news/1092583
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Story key points
5 claims · impact-rated
Marks and Spencer increased its full-year dividend by 16.7% to 4.2p per share. — A significant dividend hike signals management confidence in cash flow and balance sheet strength despite a profit drop.
+0.60M&S expects profit growth to resume in the new financial year, supported by its transformation programme and digital investments. — Positive forward guidance suggests the company has moved past the operational disruptions of the previous year.
+0.50Adjusted pre-tax profit for the year ended 28 March fell 23.8% to £671.4 million due to a cyber incident. — A sharp decline in annual profit reflects the material financial impact of operational vulnerability.
-0.40M&S is increasing capital expenditure to between £650 million and £750 million to accelerate supply chain and store upgrades. — Increased CAPEX indicates an aggressive growth strategy and reinvestment in core capabilities, particularly in the food division.
+0.30Food sales grew by 7% with an increase in customer numbers and market share. — Growth in the core food segment demonstrates resilience and competitive strength despite broader company headwinds.
+0.30Impact vectors
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Model heads
Despite a profit drop caused by a cyber incident, the company hiked its dividend and expects profit growth to resume.
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