Primark Sees Strength With Click + Collect [Yahoo! Finance]
ASSOCIATED BRI/F UNSP/ADR (ASBFY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The value chain saw strength in performance wear, leisure, knitwear and in its Rita Ora collection . Revenue rose 6 percent to 4.5 billion pounds ($5.6 billion) from 4.23 billion pounds ($5.09 billion) a year ago, or up 7.5 percent on a constant currency basis. Adjusted operating profit jumped 45 percent to 508 million pounds ($632.1 million) from 351 million pounds ($422.4 million) last year. New stores contributed 5.4 percent of sales growth, while like-for-like sales rose 2.1 percent, driven by higher average selling prices that were partially offset by slightly smaller basket sizes and correspondingly lower volumes. Foot traffic was about the same as year-ago levels. More from Sourcing Journal Retailers Expected to Cut Back on Store Openings in 2024 Brands Prank Followers with Denim Thongs and Tesla Jeans UK Roundup: Numbers From Next, John Lewis The chain has completed its Click + Collect trial in the U.K., which reflected good basket sizes and strong additional store
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