Marks & Spencer (M&S) expects to return to profit growth this year following a cyberattack that disrupted its fashion and home operations. The company reports that its performance in the financial year ended 28 March 2026 is weaker than the prior year, reflecting the impact of the incident. Retail Gazette reports that group adjusted profit before tax falls 23.8% to £671.4m, compared with £881.1m in the previous year, indicating a clear decline during the period affected by the attack. Bloomberg similarly says M&S expects profits to rebound to the growth trajectory seen before the disruption, framing the forecast as part of an ongoing recovery. The Financial Times adds that M&S is moving past the cyber hit, which it describes as having cost the business hundreds of millions of pounds. Across the outlets, the common theme is that M&S’s latest results reflect the cyberattack’s financial hit, while the company’s current guidance signals confidence in a return to earlier profit-growth patterns as operations normalize.
Marks & Spencer forecasts profit growth after cyberattack disrupts results
Marks & Spencer (M&S) expects to return to profit growth this year following a cyberattack that disrupted its fashion and home operations. The company reports that its performance in the financial yea...
- M&S says its fashion and home business is disrupted by a cyberattack that affects results.
- For the year to 28 March 2026, adjusted profit before tax falls 23.8% to £671.4m.
- M&S expects profit growth to return in the current year as it recovers from the cyber incident.
- The cyberattack is described by outlets as having caused financial costs running into the hundreds of millions of pounds.
- The company frames its outlook as a move away from the disruption seen in the prior year.
Marks & Spencer has forecast a return to profit growth this year after profits slumped following the cyber attack that disrupted its fashion and home business. The retailer said group adjusted profit before tax fell 23.8 per cent to £671.4m in the year to 28 March 2026, down from £881.1m the year before, while statutory...
3 months agoRetailer stages recovery from attack that cost it hundreds of millions of pounds
3 months agoMarks & Spencer Group Plc expects profit to bounce back to the growth seen before the British fashion and food chain was knocked off course by a cyberattack last year.
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