M&S makes more money – level 1

M&S makes more money

27-05-2024 15:00

British company Marks & Spencer (M&S)  makes much more money this year. Their profit goes up by 58%. It is much better than anyone thinks.

Their new plan helps sell more food and clothes. Food sales go up by 13% and clothes sales go up by 5.3%. Sales for the year grow to 13.1 billion pounds. The company’s boss says that they can pay money to shareholders. It happens for the first time since 2019.

M&S works hard to make better products and shops. They want to sell even more in the next years.

Difficult words: profit (money which a company makes), sale (selling things), shareholder (a person who owns part of a company).

You can watch the original video in the Level 3 section.

What is the percentage increase in food and clothes sales for Marks & Spencer, and how has this affected their overall profit?

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