Company Earnings Update 3 minutesRegister for Free AccessPrimark (LSE: ABF) FY16 PRE-CLOSE TRADING STATEMENT: NEGATIVE COMPS AND MARGIN COMPRESSION EXPECTED AT PRIMARK Coresight Research September 13, 2016 Executive Summary Primark’s owner, Associated British Foods (ABF), reported a pre-close trading statement for its FY16 results, the period ending September 17, 2016. Detailed full-year results are expected to be announced on November 8, 2016. Primark revenues are expected to increase 9% year over year at constant currency for FY16 and reported sales are expected to increase 11% year over year. Comparable store sales are expected to decrease by 2% year over year in FY16. Primark’s FY16 operating profit margin is expected to be close to that achieved in 1H16, which was 11.7%, down 90 basis points from 12.6% in FY15. 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: Shoptalk Fall 2024 Day Two: Understanding Supply Chain Trends and Enhancing Sustainability Drives Business SuccessWeekly US and UK Store Openings and Closures Tracker 2023, Week 28: Christmas Tree Shops Drives US ClosuresRetail Shrink and ORC: Retailers Ramp Up Rollout of Anti-Theft Technologies; Shoplifting Offenses in England and Wales Reach Two-Decade HighJune 2023 Leading Indicators of US Retail Sales: Total Gains To Be in the Low Single Digits Due to Flat Disposable Income Growth
