M&S Forecasts Profit Growth After 24% Cyberattack Hit

2 articles · Updated · Bloomberg · May 20

Marks & Spencer said pretax profit will return to growth in the current financial year, rebounding after last year's cyberattack knocked the retailer off course.
A 24% drop in adjusted pretax profit in the 12 months ended March 2025 reflected the cost of the hack, interrupting momentum at the British fashion and food chain.
That decline came despite M&S saying the latest full-year pretax profit was still its highest level in more than 15 years.
The outlook signals M&S expects to move past the cyber disruption and restore the growth trajectory it had before the attack.

M&S predicts record profits after its crippling hack, but has it truly fixed the human vulnerability that caused the £300M crisis?

With the M&S hackers facing justice, has the retail industry actually learned its lesson or is it just waiting for the next big breach?