Company Earnings Update 3 minutesRegister for Free AccessPrimark (LSE: ABF) 1H17 Results: Sharp Operating Margin Erosion and Lackluster Comps Coresight Research April 20, 2017 Executive Summary Associated British Foods reported 1H17 results for the 24 weeks ended March 4, 2017. This report focuses on results for Primark, the company’s retail division. Primark reported that its 1H17 revenues increased by 21% year over year, to £3,222 million. In constant currency, the company’s sales increased by 11% year over year. Primark increased its selling space by 12% year over year in the first half. Total comparable group store sales increased by 1% year over year, except in the Netherlands, where comparable store sales declined. UK comparable store sales increased by 2% year over year. Primark’s 1H17 operating profit declined by 2% at constant exchange rates and its operating profit margin contracted by 170 basis points year over year, to 10.0%. 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: May 2023 US Retail Traffic and In-Store Metrics: Recovery of Store-Based Sales Progresses as Year-Over-Year Declines SoftenUS, UK, EU & China Quarterly Economic Update, 3Q23: Growth in the US, France and China as Possibility of German Recession LoomsIn-Store Shopping Thrives Over Holiday Peak: US Consumer Survey InsightsSigns of a Holiday Spending Ramp-Up Emerge: US Consumer Survey Insights 2023, Week 45
