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Marks and Spencer profits drop 24% due to cyberattack but dividend rises 17%.

Company Fundamentals
20 May 2026
Proactive Investors
View Source
Neutral
pluang ai news

Marks and Spencer reported a 24% fall in annual profits to £671.4 million due to a costly cyberattack that disrupted operations and led to significant expenses. Despite this, the retailer increased its dividend by nearly 17%, reflecting confidence in a profit rebound expected this year. Food sales grew 7%, but Fashion, Home & Beauty sales fell 7.7% due to online disruptions. The company plans to boost capital expenditure to improve supply chains, technology, and stores, focusing on food business growth.

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