Associated British Foods Trading Update – What The Analysts Said
Associated British Foods has reported a 3% increase in sales in the first 40 weeks of its financial year, the company has said in a trading update, with grocery sales up 1% and its Primark fashion business seeing a 4% rise.
'For the full year we expect good profit growth in Primark and, on an underlying basis, in Grocery,' the company said in a statement. 'We continue to expect that the full year profit decline in Sugar has been reflected in the first half.'
Here's how leading industry analysts viewed its performance:
Russ Mould, AJ Bell
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