Marks & Spencer Group final dividend of 2p has been declared, resulting in a full year dividend of 3p in 2023/24. The final dividend is due to be paid on 5 July 2024 to shareholders on the register of members as at close of business on 31 May 2024.
Other financial highlights include:
Profit before tax and adjusting items of £716.4m (2022/23: £453.3m1).
Statutory profit before tax of £672.5m (2022/23: £475.7m).
Food sales up 13.0%; adjusted operating profit £395.3m (2022/23: £248.0m) and margin of 4.8%.
Clothing & Home sales up 5.3%; adjusted operating profit £402.8m (2022/23: £323.8m) and margin of 10.3%.
Ocado Retail JV; share of adjusted loss £37.3m (2022/23: £29.5m).
International (exc. ROI) constant currency sales down 1%, adjusted operating profit £47.7m (2022/23: £67.9m).
Adjusted return on capital employed 14.1% (2022/23: 10.6%).
