LONDON (AP) — British food and clothing retailer Marks & Spencer says its pretax profit fell by nearly 10 percent in the first half of its financial year as operating costs rose faster than revenue.
Marks & Spencer said Tuesday that pretax profit of 290 million pounds ($464 million) for the six months ending Sept. 30 compared to 321 million pounds a year earlier.
Sales in the period were up 0.9 percent, at 4.7 billion pounds. U.K. operating costs were up 2.9 percent.
The company did not disclose earnings.
M&S was cautious about the outlook, saying recent trading had been volatile.
Here's Trey Gowdy's Scathing Letter to Democrat Elijah Cummings
BOMBSHELL: See what has people asking, 'What could Hillary's excuse be for THIS?'
Paul Ryan is a Dangerous Pick for Conservatives | RedState
The Problem Isn't Guns Or White Men | Human Events
- Vladimir Putin’s Russia Adopts Concealed Carry
The truth about gun deaths: numbers and actual solutions
Ben Carson Is Right On Jews, Guns, And Nazis - Bearing Arms - Ben Carson, Holocaust, Nazis