2 verifications about Marks and Spencer Group plc Marks and Spencer Group plc ×
“Marks and Spencer Group plc reported in its Annual Report and Financial Statements 2025 that its profit after tax fell 31.3% compared with the prior financial year.”
The annual-report disclosures support this figure exactly. Marks and Spencer Group plc reported statutory profit after tax of £291.9m for 2024/25 versus £425.2m for 2023/24, which is a 31.3% year-on-year decline. The only apparent discrepancy comes from separate accounts for Marks and Spencer plc, a different legal entity from the group named in the claim.
“Marks and Spencer Group plc faces aggressive competition in the United Kingdom retail sector from Tesco plc, J Sainsbury plc, Aldi, Waitrose, and Lidl.”
Reliable UK market evidence supports that M&S faces strong competitive pressure from Tesco, Sainsbury’s, Aldi, Lidl and Waitrose in grocery retail. The main limitation is that this evidence applies most clearly to M&S Food, not to all of M&S Group’s retail activities such as clothing and home. The claim is therefore broadly accurate but somewhat overbroad in scope.