Marks & Spencer Expects $400 Million Hit From Cyberattack
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2025
0mins
Source: WSJ
Impact of Cyberattack: U.K. retailer Marks & Spencer anticipates a $400 million reduction in operating profit due to a cyberattack, with online disruptions expected to persist into July.
Operational Challenges: The company had to halt online shopping and incurred additional costs related to waste, logistics, and stock management following the attack in late April.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
