Marks and Spencer Group plc (MKS) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.197 Hello everybody, it's Archie Norman here and I wanted to welcome you to the 00:00:05.197 -- 00:00:09.441 2024 Marks and Spencer interim results. 00:00:09.441 -- 00:00:15.688 In a moment, Stuart is going to give you the strategic overview of the last six months. 00:00:15.688 -- 00:00:19.693 Jeremy Townsend, our finance director, is then going to talk through the detail of the 00:00:19.693 -- 00:00:24.819 financial performance and Stuart will come back and take you through the commercial performance 00:00:24.819 -- 00:00:28.043 of each businesses and say a few words about outlook. 00:00:28.043 -- 00:00:33.151 But for me, the most important thing about this period has not been the financial performance, 00:00:33.151 -- 00:00:36.817 which has been robust. If it hadn't been robust, you'd probably hear a bit more from 00:00:36.817 -- 00:00:38.740 me. 00:00:38.740 -- 00:00:44.849 But it's been the pick up in pace in terms of people, organization 00:00:44.849 -- 00:00:46.732 and culture, 00:00:46.732 -- 00:00:51.780 which means that we have a now much more capable organization and means that we can 00:00:51.780 -- 00:00:54.487 move ahead to tackle 00:00:54.487 -- 00:01:01.018 the deep-lying problems around store rotation, technology and supply chain. 00:01:01.018 -- 00:01:05.325 And that means, too, that we can pick up the pace of investment 00:01:05.325 -- 00:01:10.493 which is required to create the high-performing growth business 00:01:10.493 -- 00:01:12.737 that we know M&S can become. 00:01:12.737 -- 00:01:14.600 Thank 00:01:14.600 -- 00:01:21.183 you, Archie. Well, good morning, everyone, and welcome to our half-year results presentation. 00:01:21.183 -- 00:01:26.432 If you're watching this on Wednesday, the 6th of November, there wi...