Marks & Spencer swings to profit, lifts guidance, but warns of cost pressures
Marks & Spencer Group PLC on Wednesday reported a swing to pretax profit for the first half of fiscal 2022 and raised its full-year guidance while warning that labor-market and logistics issues will put pressure on costs.
Pretax profit for the half year ended Oct. 2 was 187.3 million pounds compared with a loss of GBP87.6 million for the comparable half year.
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