M&S expects profit recovery after cyber hack-driven slump
Source: Lse
Published:
<p>* Expects 2026/27 profit to exceed 2024/25 level (Adds detail paragraphs 6 to 13)</p> <p>LONDON, May 20 (Reuters) - British retailer Marks & Spencer forecast a return to profit growth this year after it slumped 24% in 2025/26, hit by a disruptive cyberattack that dented sales and margins.</p>