M&S should have already overtaken Waitrose, says CEO

Stuart Machin, M&S chief executive

Marks & Spencer chief executive Stuart Machin says the retailer should have already “overtaken” Waitrose in the wake of its latest financial results. 

Profits at M&S rocketed to £672.5m, up from £475.7m in April 2023, alongside sales rises across its fashion and grocery divisions. 

Machin told The Telegraph: “You could argue we should have overtaken [Waitrose] already. I might even be arguing that internally here.”

 

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