Marks & Spencer Sees Profit Drop Due to Cyberattack
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
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Should l Buy ?
Source: WSJ
Profit Decline: Marks & Spencer reported a significant drop in pretax profit for the first half of fiscal 2026, falling to 3.4 million pounds from 391.1 million pounds a year earlier.
Impact of Cyberattack: The decline in profits was attributed to a major cyberattack that negatively affected sales in clothing and homeware, as well as increased costs.
Future Outlook: Despite the current challenges, Marks & Spencer expressed optimism for a recovery in the second half of the fiscal year.
Context of Financial Performance: The company's financial struggles highlight the ongoing impact of cybersecurity threats on retail operations and profitability.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
