Company Earnings Update 2 minutesRegister for Free AccessPrimark (LSE: ABF) 9M17 Trading Update: Sequential Sales Improvement and Containment of Profit Margin Erosion Coresight Research July 7, 2017 Executive Summary Associated British Foods reported 9M17 results for the 40 weeks ended June 24, 2017. This report focuses on the results for Primark, the company’s retail division. Primark reported that its 9M17 revenues increased by 21% year over year and by 13% on a constant-currency basis. Primark increased its selling space by 13% year over year in the period. In 3Q17, revenues increased by 21% on a reported basis and by 15% on a constant-currency basis. In 1H17, Primark’s operating profit margin contracted by 170 basis points, to 10.0%. Management had previously forecast further margin declines for 2H17, but now expects the FY17 operating margin and the rate of decline to be in line with those seen in 1H17. 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: Day Two at NRF 2024: Retail’s Big Show—Supply Chains and Sustainability Take Center StageWeekly US and UK Store Openings and Closures Tracker 2024, Week 35: US Store Closures Up 44% Year Over YearUS CPG Sales Tracker: Health & Beauty Category Helps Sustain Mid-Teens Online CPG GrowthUS Drugstores and Pharmacies: Real Estate Insights—Closures Lead to 8 Million Square Feet of Shuttered Retail Space in 2024