Marks and Spencer Group Plc has released its Q3 2016/17 trading statement for 13 weeks to 31 December 2016, showing a group sales rise of 5.9% on a reported basis.
Food sales rose by 5.6%, with LFL sales up by 0.6%. The quarter was characterised by a slightly later build to peak, as a result of Christmas Day falling on a Sunday. The firm said it continues to grow market share, with customers appreciating the quality, innovation and newness that distinguish the brand's food. New Simply Food stores continue to perform well.
International sales were up 2.9% at constant currency benefiting from earlier shipments of spring ranges to franchise partners.
Steve Rowe, Chief Executive, said, “I am pleased with the customer response we have seen to the changes we are making in line with our plan for the business. I would like to thank the whole team for their hard work over this busy period.
“Our Food business continues to grow market share with customers recognising our product as special and different. Our Simply Food store pipeline remains strong.
“As we look forward, our Q4 reported numbers will be adversely affected by sale timing and a later Easter. Against the background of uncertain consumer confidence the business remains focused on delivering the strategic actions announced last year.”