Skip to content

M&S Says Russia Exit, Cost Pressure to Keep Profit From Rising

  • Sales growth to slow as consumers face surging costs
  • CEO Rowe steps out Wednesday after almost four decades at M&S
Updated on

Marks & Spencer Group Plc warned that the cost-of-living crisis and a full exit from Russia will prevent its profit from rising this year.

Sales growth will slow due to the squeeze on shoppers from the higher cost of living, the company said Wednesday. Revenue rose at the fastest rate in at least a decade in the year through April 2.