Get the app today! Download iPhone App Download Android App

Associated British Foods Trading Update – What The Analysts Said

Published on Jul 4 2019 1:00 PM in Retail tagged: Trending Posts / Associated British Foods / Shore Capital / Primark / Twinings / GlobalData / Paywall / AJ Bell / Liberum

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

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email