{"id":193755,"date":"2025-09-26T07:29:31","date_gmt":"2025-09-26T06:29:31","guid":{"rendered":"https:\/\/www.retailgazette.co.uk\/?p=193755"},"modified":"2025-09-26T07:29:31","modified_gmt":"2025-09-26T06:29:31","slug":"marks-electrical-profit-warning","status":"publish","type":"post","link":"https:\/\/www.retailgazette.co.uk\/blog\/2025\/09\/marks-electrical-profit-warning\/","title":{"rendered":"Marks Electrical cautions over profits"},"content":{"rendered":"<p>Marks Electrical issued a profit warning to investors after facing weak first-half trading and increasing costs.<\/p>\n<p>The <a href=\"https:\/\/markselectrical.co.uk\/\" target=\"_blank\" rel=\"noopener\">electricals specialist<\/a> saw lower sales of its two major domestic appliances and consumer electronics categories, compared to the same period last year.<\/p>\n<p>The <a href=\"https:\/\/www.retailgazette.co.uk\/blog\/tag\/marks-electrical\/\">business<\/a> explained that sales had been falling over 2025 due to it moving away from lower-priced goods and focusing more on &#8220;premium&#8221; products.<\/p>\n<p>Marks Electrical said the adjustment was affecting revenues as consumers had been spending less while shopping.<\/p>\n<p>Despite expecting to return to revenue growth during its second half, the brand forecasts adjusted EBITDA for FY26 to be around \u00a31.7m, a \u00a34.2m decline from last year.<\/p>\n<hr \/>\n\n\t\t<div class=\"rght-related-articles-middle rght-latest-articles mb-4 mt-3\">\n\t\t\t\n\t\t\t\t\t\t<h5>Related Story<\/h5>\n\t\t\t\t<ul class=\"rght-middle-related-article-list\">\n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t<li class=\"rght-middle-related-article-box\">\n\t\t\t\t\t\t\t<div class=\"rght-middle-related-article-img\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.retailgazette.co.uk\/blog\/2026\/03\/john-lewis-partnership-restores-staff-bonus-as-profits-rise\/\">\n\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2025\/03\/shutterstock_1997399153.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"John Lewis\" srcset=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2025\/03\/shutterstock_1997399153.jpg 1000w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2025\/03\/shutterstock_1997399153-300x200.jpg 300w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"rght-middle-related-article-content\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.retailgazette.co.uk\/blog\/2026\/03\/john-lewis-partnership-restores-staff-bonus-as-profits-rise\/\" class=\"rght-articles-content-link\">\n\t\t\t\t\t\t\t\t\t<h3>John Lewis Partnership restores staff bonus as profits rise<\/h3>\n\t\t\t\t\t\t\t\t\t<div class=\"rght-articles-author-date\"><i class=\"far fa-calendar-alt\"><\/i><span>12\/03\/2026 x 7:54 AM<\/span><\/div>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\n\t\t\t\t<\/ul>\n\n\t\t\t\t\t\n\t\t<\/div>\n\t\t\n\t\t\n<hr \/>\n<p>The retailer&#8217;s CEO Mark Smithson said: &#8220;Clearly, I am very disappointed that sales in Q2-FY26 continued the trend we noted in our FY-25 preliminary announcement.<\/p>\n<p>&#8220;That said, we have built a strong business over the last few years, with growing brand recognition, nationwide distribution and installation capability.&#8221;<\/p>\n<p>He added: &#8220;We continue to focus on margin but with increasing employee costs and increased technology cost for our new ERP system, we have not yet been able to exploit the operating leverage effectively.<\/p>\n<p>&#8220;With a more balanced product mix as we enter the peak period of our trading, we remain confident in a stronger H2 performance.&#8221;<\/p>\n<p>Marks Electrical <a href=\"https:\/\/www.retailgazette.co.uk\/blog\/2025\/06\/marks-electricals-loss\/\">plunged to a loss<\/a> in June, following operational challenges at the business.<\/p>\n<p>The group recorded a pre-tax loss of \u00a31.7m in the year to 31 March, driven by lower trading profitability and costs associated with a software update.<\/p>\n<p><em><strong><a href=\"https:\/\/www.retailgazette.co.uk\/newsletter-sign-up-retail-gazette?utm_source=Website&amp;utm_medium=Article&amp;utm_campaign=SignUp\">Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/a><\/strong><\/em><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Marks Electrical issued a profit warning to investors after facing weak first-half trading and increasing costs.<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":185,"featured_media":93359,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3818,2620,2749],"tags":[46892,2832,50592,4016,4090],"class_list":["post-193755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electrical","category-news","category-technology","tag-electrical-retailer","tag-electricals","tag-marks-electrical","tag-profit","tag-profit-warning"],"comment_count":0,"featured_video":false,"extra_images":false,"featured_youtube_video_url":"","featured_image_url":"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2021\/08\/B_qvT1pUYAAju-A-1-e1629109049189.jpg","thumbnail":"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2021\/08\/B_qvT1pUYAAju-A-1-e1629109049189-300x200.jpg","views":"700","_links":{"self":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts\/193755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/users\/185"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/comments?post=193755"}],"version-history":[{"count":7,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts\/193755\/revisions"}],"predecessor-version":[{"id":193774,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/posts\/193755\/revisions\/193774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/media\/93359"}],"wp:attachment":[{"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/media?parent=193755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/categories?post=193755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retailgazette.co.uk\/wp-json\/wp\/v2\/tags?post=193755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}