Agenda: Marks & Spencer, Burberry, Eve and Asos update

Marks & Spencer

Steve Rowe will present the retailer’s first-quarter figures on Tuesday, July 11, also the day of its AGM.

M&S’ full-year results were dominated by a 64% drop in pre-tax profits, although Rowe was at pains to point out the 11% rise in full-price clothing and home sales.

Observers will be looking for signs that M&S’ self-help programme is beginning to pay off where like-for-likes are concerned.

Burberry

The luxury retailer will report its first-quarter results on Wednesday, July 12.

It comes less than a week since Marco Gobbetti took up his new role as chief executive, after Burberry made the decision to recruit a separate chief executive to allow Christopher Bailey to focus his efforts on being chief creative officer. 

Burberry termed its last year one of “transition” as pre-tax profits fell 5% and revenues slipped 2%.

Investors will be keen to see the green shoots of Bailey’s promise at its last results when he said: “The actions we have taken to lay the foundations for future growth are yielding early benefits and I remain confident that these will build over time.”

Eve

The mattress-in-a-box retailer, which floated in May, is due to give its debut update as a listed company on Wednesday, July 12.

The mattress brand, which aims to disrupt the European market, has expanded to 12 countries since launching in 2015, and chief executive and founder Jas Bagniewski, formerly head of Zalando UK, has his sights set on further international growth.

Asos

The etailer will report its third-quarter results on Thursday, July 13.

Boss Nick Beighton is expected to reveal another set of market-beating figures: at the half-year mark, pre-tax profits were up 14% and UK sales were up 18%, while international sales soared 54%, driven by the US.

He should also be able to shed light on the progress of its new European distribution deal, Asos’ new beauty app and its visual search technology.