Europe Movers: Currys, JD Sports, Marks & Spencer

Inga Muller
21 May, 2025
Frankfurt

Marks & Spencer dropped 3.2% to 356.00 pence after the British diversified retailer reported fiscal 2025 results.

Revenue increased to £13.82 billion from £13.04 billion, net income edged down to £295.7 million from £431.2 million, and diluted earnings per share fell to 14.0 pence from 20.8 pence a year ago.

The full-year dividend was 3.6 pence per share, an increase of 20% from 3.0 pence a year earlier.

The company announced a final dividend of 2.6 pence per share payable on July 4.

In addition, the company revealed that the recent cyberattack could negatively impact operating profit by £300 million. 

Currys plc inched up 0.1% to 125.30 pence after the retailer of technology products and services released its trading update for the fiscal year ending in May.

Comparable store sales jumped 2%, driven by a significant growth in free cash flow year-over-year.

Same-store sales in the U.K. and Ireland climbed by 4% in the year, while in the Nordics region they were breakeven.

The company estimated full-year adjusted pre-tax profit to be around £162 million, revised higher from £160 million and representing a 37% increase over the previous year.

JD Sports Fashion Plc. plunged 8.1% to 85.44 pence after the UK-based specialty retailer reported weaker-than-expected fiscal year results, but the company reiterated its annual outlook.

Revenue climbed to £11.46 billion from £10.40 billion, profit declined to £490 million from £539 million, and diluted earnings per share fell to 9.50 pence from 10.45 pence a year ago.

Same-store sales increased by 0.3% in the year, as sales edged up in Europe and North America, while they fell in the UK and the Asia Pacific region.

Sales in retail stores surged to £9.08 billion from £7.96 billion, while online sales dropped to £2.25 billion from £2.35 billion a year earlier.

All three segments of footwear, apparel, and accessories recorded an increase in sales, supported by the acquisitions of Hibbett and Courir in July and November, respectively.

The company proposed a dividend of 67 pence a share, compared to 60 pence in 2024, payable on July 11 to shareholders on record on June 13.

The specialty retailer guided first-quarter 2026 organic sales growth of 3.1% and a comparable sales decline of 2%.