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Primark (LSE: ABF) 9M19 Trading Update: Lower Markdowns and Better Buying to Boost Margins

Coresight Research

Key Points

  • Associated British Foods (ABF) reported its trading update for the 40 weeks ended June 22. This report focuses on Primark, the company’s retail business.
  • Primark grew its year-to-date sales by 4% at constant currency and as reported.
  • For FY19, Primark expects modest growth in net profit and expansion in the operating margin.
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