The 129-year-old firm, which serves 21 million shoppers a week from over 700 UK stores, said it made a profit before tax and one-off items of 665.2 million pounds ($1.0 billion) in the year to March 30, a second straight fall.
The outcome compares with analyst forecasts of 640-670 million pounds, with a consensus of 658 million pounds, according to a poll published on the company's website, and is a decline on the 687.2 million pounds made in 2011-12.
M&S, whose shares have risen 30 percent over the past year after periodic bouts of bid speculation, paid a maintained dividend of 17 pence.
