January 11, 2018 / 7:15 AM / 6 days ago

M&S clothing sales slightly better than expected in Christmas quarter​

LONDON, Jan 11 (Reuters) - British retailer Marks & Spencer reported a slightly better than expected fall in clothing and homeware sales in the key Christmas quarter and said its overall guidance for its full 2017-18 year was unchanged.

The group said on Thursday clothing and homeware like-for-like sales fell 2.8 percent in the 13 weeks to Dec. 30, its fiscal third quarter.

That compared to analysts’ average forecast of a 3.4 percent fall and a second quarter decline of 0.1 percent.

Same store food sales fell 0.4 percent - better than analysts’ average forecast of a 1.1 percent decline and compared to a 0.1 percent fall in the previous quarter. ​ (Reporting by James Davey; editing by Kate Holton)

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