Company Earnings Update 2 minutesRegister for Free AccessPrimark (LSE: ABF) 1H18 Pre-Close Update: Warm October Weather Holds Back Growth Coresight Research February 27, 2018 Executive Summary Primark’s parent, Associated British Foods (ABF), reported a pre-close trading statement for its 1H18 results, for the period ending March 3, 2018. ABF will announce detailed half-year results on April 17, 2018. ABF expects to report a 7% rise in Primark’s 1H18 sales at constant currency and a 9% rise as reported, driven by increased selling space. The company expects Primark’s comparable sales to decline by 1% during the period, as growth was hindered by an unusually warm October—a month when comps saw a “significant decline.” Management expects Primark’s operating margin for 1H18 to be similar to last year’s margin. The company plans to open 1.2 million square feet of selling space over FY18. 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: Three Data Points We’re Watching This WeekEarnings Insights 1Q23, Week 4: Ross Stores, TJX and Walmart Post Strong Results; Alibaba Sees Slow GrowthDay Two at NRF 2023: Retail’s Big Show—Retailers Tap Tech To Streamline the Consumer JourneyGenerative AI Latest: Nvidia at SIGGRAPH, the Rise of Google Cloud, US Consumer Concern on the Future Impacts of AI