Primark (LSE: ABF) 1Q19 Trading Update: Store Expansion Lifts Sales
- Primark grew revenues 4% year over year, at both constant currency and actual exchange rates in the 16 weeks ended January 5. The company missed the consensus estimate recorded by StreetAccount.
- Primark saw a “modest decline” in comparable sales.
- The company plans to open 900,000 square foot of retail space in fiscal 2019.