Marks & Spencer to Intensify Cost Cutting Efforts Despite Strong Annual Profit Growth
Wednesday, 22 May 2024, 07:57
Marks & Spencer Plans for Continued Efficiency
Marks & Spencer has announced a notable 41% rise in pre-tax profits to £672.5m, prompting a commitment to enhance cost-cutting measures. CEO Stuart Machin lauds the company's progress and sales growth, setting the stage for future success.
Strengthening Financial Foundations
- Annual profits surged by 41% despite economic challenges.
- CEO Stuart Machin emphasizes the importance of cost-cutting initiatives moving forward.
- Company demonstrates robust resilience and adaptability in shifting market dynamics.
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