Impressive food performance outlined in the Marks and Spencer half year results, providing further evidence of the continued resilience in the performance of the UK grocery market.
- Food sales up 10.4% Yo2Y trending to larger food halls
- Food sales on retail parks +23.3%
- Food sales in city centre down 18.4%
- Yo2 food operating profit up c.+56% rising to £143.7m from £92.2m from 2019/20
- M&S Food growing market share
- M&S product sales 27% of total Ocado sale c.£309m
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