Company Earnings Update 3 minutesRegister for Free AccessPRIMARK (LSE: ABF) FY17 Results: Soft Comps and Margin Erosion Coresight Research November 8, 2017 Executive Summary Associated British Foods reported FY17 results for the 52 weeks ended September 16, 2017. This report focuses on results for Primark, the company’s retail division. Primark reported a 19% year-over-year increase in FY17 revenues to £7,053 million, ora 12% year-over-year increase in constant currency. During the year, the company increased its selling space by 12.3%. UK sales increased by 10% year over year, and Primark managed to significantly increase its total share of the UK apparel market. Primark’s FY17 operating profit increased by 3% at constant exchange rates and the operating profit margin contracted by 120 basis points year over year to 10.4%. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Macy’s $5.8 Billion Buyout Bid: A Symphony of Risk and OpportunityEarnings Insights 2Q24, Week 1: Mixed Reports from Kimberly-Clark, Levi’s, Skechers and WalgreensUS Consumer Tracker: Focus on Financial Position and SecurityAmazon Haul: The E-Commerce Giant Takes On Its Cross-Border Competitors
