Associated British Foods Fast-Tracks Update as Primark Falters, Cuts FY Profit and EPS View [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
abf.co.uk/investorrelations
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Source: Yahoo! Finance
Primark sales rose only about 1% in Q1 and the company now forecasts H1 sales growth in the low single digits; heavy markdowns pushed margins down (an adjusted operating profit margin around ~10% if trends persist), hurting profitability. Food divisions are softer, especially in the US , with weakness in cooking oils and bakery ingredients prompting ABF to expect grocery and ingredients to deliver full-year adjusted operating profit moderately below last year; the Hovis CMA review and the group-structure review continue. Interested in Associated British Foods plc? Here are five stocks we like better. Associated British Foods (LON:ABF) brought forward a first-quarter trading update for its 2026 financial year, citing weaker-than-expected performance at Primark. The update covered the 16-week period to January 3 and provided management's “best estimates” as the group finalized Q1 numbers for individual businesses and the overall group. Management said the decision to accelerate
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News
- Associated British Foods (OTCMKTS:ASBFY) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "hold" rating to a "strong sell" rating.MarketBeat
- Associated British Foods (OTCMKTS:ASBFY) was downgraded by analysts at Sanford C. Bernstein from a "strong-buy" rating to a "hold" rating.MarketBeat
- UK retailers grappling with cost pressures, says analyst [CNBC]CNBC
- ABF, Hovis ask UK regulator to fast-track takeover review [Yahoo! Finance]Yahoo! Finance
- M&S's Christmas food success offsets falling fashion sales [Yahoo! Finance]Yahoo! Finance